George has tried everything to boost his approval rating, and if you remember, he once announced a tax cut. It's a nice phrase, but nothing more as it only benefited a small percentage of Americans. Now taxes could rise, but of course, they will put a strong squeeze on the middle class. NYTimes writes...
Baffling in its complexity and often bizarre in its impact, the alternative minimum tax is a giant undeclared tax increase that will ensnare tens of millions of moderate-income families in the next several years.
Sneaky. And it will wring in billions for the federal government while affecting eighteen million households. That's not a lot, but look where it is coming from! Dubya, the friend of middle America, what a joke.
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Suburban Nomad