The current tax rates are due to rise at the end of the year. If nothing is done, it'll constitute a tax increase. If any part of it is negated, there'll be a tax increase. If the rates are preserved, it'll have no impact on us.So why do Washington politicians speak of a "tax cut"? There are no tax cut proposals on the table! It'd be nice if there were.
Current politicians enjoy demonizing George W. Bush, but let's see if they can simply match his achievements by not allowing rates to rise. That's table stakes to me; not a cut.
1 comment:
I have a post on a similar topic coming soon. It shows that simply holding real spending steady will solve our monetary problems in a few years.
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