Friday, January 21, 2005

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:

At January 21, 2005, Blogger Victor Laszlo said...

Aaaack! Could I get any more enraged?

 

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