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11.19.2004

Bush tax raising continues unabated...

Party of small government insists you have to raise spending to cut spending, Bush begins a "simplification" of the tax code which is
meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns...

Great! The federal government probably knows how to spend my money way better than local officials. I'm really glad they'll be getting more of it. I thought the last four years of Texas-style budgets had strengthened my libertarian tendencies...

2 Comments:

At 1:30 AM, Blogger Ivan said...

"considering" and doing are two different things.

on balance, with the other proposals, again i stress, Bush was the least bad libertarian candidate likely to win.

They are also considering eliminating the income tax altogether....

 
At 1:35 AM, Blogger Ivan said...

and another thing...

it is known that the more loopholes and exceptions, the more loopholes and exceptions are lobbied for, and K-street gets more money.

In the spirit of a flat tax to be filed on a postcard in 5 minutes, I make the claim that all deductions, save a negative income tax, push the system towards what we have now.

 

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