Conservatives pan ideas of Bush tax-reform panel
The Bush-appointed tax reform bi-partisan commission is about to make it’s recommendations – and from all indications they are a giant step backwards.
Instead of moving towards a true reorganizational reform and simplificatin of the revenue system such as the “flat tax” or “fair taz”, the recommendations tinker around the edges of the system, and end up with de-facto tax cuts that would favor affluent blue-state professional and executive types, but hit the middle class literally where it lives by removing home deductions. There’s more to it than this, but nothing any better.
This also continues the enlightenment process to the truth that Dubya is far from being a conservative.
“If George Bush thinks he has problems with [Supreme Court nominee] Harriet Miers, wait until it dawns on people that his tax-reform panel is recommending a huge tax cut for rich people in blue states and a huge tax increase for middle-class folks in the red states,” said Larry Hunter, chief economist for the Free Enterprise Fund.
Sen. Jim DeMint, South Carolina Republican, called the proposals “a few Band-Aids on the current code. True tax reform requires the complete replacement of the IRS code with a new system that is simple, fair, and that promotes savings and investment.”
Hopefully this fiscal abortion will be dead on arrival.