Reform Risks Tsk from Those Who Nix Paying for Fix
by Dana Chasin, 10/29/2007
The "mother of all tax bills" that House Ways and Means Chair Charles Rangel (D-NY) unveiled last week (see our summary), an effort to fix the Alternative Minimum Tax, provides an easy target for those fixated on how it complies with the House PAYGO rules and see the "mother of all tax hikes."
That talk is cheap, but expensive in the long run. PAYGO compliance spares the country increases in the national debt and accompanying debt service costs.
USA Today's lead editorial today challenges the fiscal rascals who blithely argue that AMT reform shouldn't be paid for because no one intended reform to become necessary:
For those for those who don't like the plan, we have one question: Where's yours?"
