No wonder they all want Hillary to run. How else can they blame it on a Clinton?
Future Tax Shock – New York Times: “One of President Bush’s be-very-afraid lines this campaign season is that Democrats, if elected, will raise taxes. What he doesn’t say is that if you are one of tens of millions of Americans who make between $75,000 and $500,000 a year, your taxes are already scheduled to rise starting next year — because of laws that Mr. Bush championed and other actions he failed to take.”
It would be sad if it wasn’t par for the course with this bunch.
For the most part, they are couples with children who have broken into the ranks of six-figure earners, and who live in high-tax states like New York and California. They are being penalized, in effect, for claiming everyday deductions — like write-offs for dependents and property taxes — which, under the alternative tax rules, are viewed as excessive shelters.
Meanwhile, multimillionaires are not being snared at nearly the same rate as other filers. In part, that’s because much of the income of the superrich comes from investments. The tax breaks for investments — the grail of the administration’s tax-cutting crusade — are not counted as shelters under the alternative tax the way, say, children are.
So, who you going to vote for next week? Take a friend along to the polls. And as they say in Texas…Vote early and vote often. It’s what has kept Bush in Washington!