Bush to raise taxes
Part of Bush's plan to "fix" SS requires raising money. Apparently he's going to do that through "fixing" the tax code.
According the linked article:
"The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said."
Chuck Schumer (D, NY) appears to see through W's plan. He rightly calls this an attack on Blue States. It also is a burden for any urban-dwellers who usually pay a hefty city tax.
Getting rid of the business tax deduction for employer-provided health insurance seems insane. Yeah, let's disincent employers to provide this expensive benefit.
1 Comments:
Aaaack! Could I get any more enraged?
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