Friday, April 06, 2007

The Coming Tax Increase - WSJ.com

"The new House and Senate majorities have now passed budget resolutions -- five-year budget outlines -- that include the repeal of the Bush tax cuts of 2001 and 2003. Republicans are overstating things when they imply this means a tax increase this year. The Bush tax cuts don't expire until the end of 2010, and Democrats aren't about to tip their tax hand before the 2008 election. But under the cover of zero media attention, Democrats are constructing a budget process that will make a tax increase all but inevitable."


Thank you so much "blue state" Americans (What, you weren't happy being called "reds"?) I'm sure the money will be well spent.

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