Tuesday, December 28, 2004

Tax news

It appears the administration is backing off plans for a complete tax overhaul in favor of a more "incremental" approach. Probably for the best, and a lot more politically palatable for the "other" side of the aisle, although there is sure to be much screaming, pouting and gnashing of teeth. Look for claims of "cuts" that are actually reductions in the RATE of departmental budget increase. And it pains me greatly that RUSSIA, of all places, has a flat tax on income. Good grief, Charlie Brown! Lenin is almost certainly spinning like a top in his mausoleum, although they say he still looks mahvelous.

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