Sunday, January 22, 2006
They must, if reports are true that the GOP is going to let millions of taxpayers get hit with the AMT in order to drum up leverage to pass lower tax rates on dividends and capital gains.
I can't think of a better way to hand the Democrats an issue than to pass on tax relief for upper middle-class taxpayers in order to obtain more tax cuts for the investing class. And when taxpayers discover that they didn't have to be paying thousands of dollars in AMT taxes, but are only have to write checks in the thousands of dollars to the IRS because the GOP views us as pawns to be sacrificed in order to offer tribute to the truly well-off, I would be surprised if there wasn't a backlash.
And not against the Democrats, who are doing their best to obtain AMT relief... but against the tone-deaf idiots on the right side of the aisle.