It's a PAY-GONE Conclusion
by Dana Chasin, 12/18/2007
The President and his taxophobic colleagues in Congress, refusing to abide by the rules of PAYGO, have succeeded in giving the lie to their campaign to re-invent themselves as fiscally responsible.
This death-bed conversion for Bush and his Congressional co-conspirators was obliterated for good today, when House Ways & Means Committee Chair Charles Rangel (D-NY) conceded that, while he had long supported Blue Dogs and other defenders PAYGO,
And I agree with them 100 percent except I don't think the voters would understand the problem and so at the present time … I would rather see the people not hit by the AMT and then come back and fight again for pay-go and to close the loopholes and to pay for the AMT, probably with the extenders [likely to come up early next year].
In the meantime, one of two endgames for PAYGO and the AMT patch bill are possible: the Senate adding AMT language to the omnibus spending bill or the House taking up the Senate-modified, un-offset AMT bill as a suspension.
