Inter-Branch Exchanges at the Library Next Year
by Dana Chasin, 12/1/2006
The two guys from Harlem and Wall Street will meet in the Library of Congress next month when incoming House Ways and Means chair Charles Rangel (D-NY) and Treasury Secretary Henry Paulson attend a daylong
"bipartisan 'retreat' to find common ground on tax and trade policy."
Accoring to Bloomberg News, Rangel suggested that the Ways and Means Committee might hold similar retreats with Paulson during the 110th Congress "to see whether we could work in some of the good ideas with legislation that could be supported by the administration," on issues such as Social Security, Medicare and Medicaid.
They will need to find a pretty big room in the Library to accommodate a table with so many big-ticket items on it.
But, as he has before, Rangel ruled one item off the table, a rollback of the 2003 Bush dividends and capital gains, saying:
Repealing tax cuts that are locked into place, that people have depended on these tax cuts, invested in these tax cuts, not only is it bad tax policy to repeal it retroactively, but it's dumb politics to do it, especially when it's going to get vetoed. Forget about it.
