Monday, January 21, 2008
Taxes - a big deal for this election
The less of our money the government has, the less they can waste.
Let's keep those taxes low, low, low!...
Let's keep those taxes low, low, low!...
The Wall Street Journal editorializes:
"With Democrats insisting on a giant tax increase, taxes will be a major issue this fall no matter who wins the GOP nod. And if a Republican does win the White House, a tax reform showdown is inevitable in 2009. The AMT continues to swallow more taxpayers, the death tax is due to expire for a single year in 2010 and then rise back to 55%, and the Bush tax cuts expire after 2010. This is a perfect storm that means the next President will have no choice but to make taxes a political priority.
It also presents the best opportunity for major tax reform since the 1980s. Even if Democrats retain Congress, Charlie Rangel will run House Ways and Means and he seems open to lower tax rates in return for a broader tax base. Republicans are right to make tax reduction and reform a major campaign theme, and voters who really do want to shake up Washington should consider who'd be best for that job."
