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Sun 6 Nov, 2005 10:16 am
Quote:But the fact remains that one more element that once loomed large for a second term is moribund. You almost wonder why he ran.
Because Cheney told him he had to run.
Quote: Compensating for that was the commission's real challenge. Rather than touch income tax rates, it went for major deductions ? including capping the mortgage interest deduction for very high-income individuals, assaulting the deductibility of employer contributions to health insurance plans, and ending the deduction for state and local taxes paid.
Then wed be just like Canada, except with a coupla bunches of incompetapoops in the seats of govt.
It is eerie, BBB. Tax reform sounds pretty exciting to me, but Bush seems to have completely forgotten about the subject. On the day that the reports came out Bush was completely mum. He gave a speech about the bird flu, which is important (no doubt!), but nothing on taxes.
It's a shame. We've pretty much undone the reforms of '86. The tax code is messier than ever.
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