Comments on: Bush Plans Tax Code Overhaul

By: Potomac Ponderings

Potomac Ponderings — Sat, 20 Nov 2004 21:18:26 +0000

The Road Ahead for Taxation
I was excited during the summer when rumors were floating about that the Bush administration might go for a flat tax system. I was less excited when I started hearing that instead the reform might take the form of a national sales tax.

By: Foobarista

Foobarista — Fri, 19 Nov 2004 03:43:19 +0000

Gak! More diddling on the margins; how many middle-class people get dividends or cap gains outside their 401Ks anyway? This change would only further devalue 401Ks and IRAs, and ending the state tax deduction could seriously alienate blue-state Republicans.

Go for the homerun and do a flat or consumption tax. If Russia and Bulgaria can do it, why can't we?

By: Mark Smith

Mark Smith — Fri, 19 Nov 2004 03:28:04 +0000

What is the point to pushing deductions around in the current system? We desperately need a revolutionary change to our tax system, and a national sales tax like fair tax sounds like a great idea to me.

By: What Attitude Problem?

What Attitude Problem? — Thu, 18 Nov 2004 22:27:46 +0000

Untitled Post James Joyner has some strong words about Bush's planned tax cuts. I got a strong B in econ when I was in college, but I still know better than to duke it out with the man. I'm unconvinced, but that's

By: NJvoter

NJvoter — Thu, 18 Nov 2004 20:50:45 +0000

It's about time we repeal all taxes, and fund the government by borrowing. Hey Reagan proved that defecits don't matter!

By: Psychopolitik

Psychopolitik — Thu, 18 Nov 2004 20:23:37 +0000

Bush admin. to waffle on tax reform If true, this isn't reform in the slightest. Just "well, we cut taxes before we raised taxes".

By: INDC Journal

INDC Journal — Thu, 18 Nov 2004 18:39:07 +0000

Quick Links
*** John Hawkins details why an Ohio recount won't change the outcome. He's got numbers. *** Blackfive has a round-up of links from a Military blogger who describes the nature of combat in Iraq. Essential reading. *** Dean takes a...

By: Teri

Teri — Thu, 18 Nov 2004 13:22:12 +0000

Scrapping the deduction for state and local income taxes will have states up in arms. One of the ways that they pacify residents about state taxes is "Well, at least they are tax-deductible." People from high-income-tax states - highest in blue states - will be especially hard hit.

Eliminating the tax deduction for businesses who provide health insurance for their employees is just insane. No business can afford to pay taxes on profits that they haven't made - i.e., money that went to pay for labor costs.

Pretty much the only other business expense that is not tax-deductible is 50% of entertainment expenses, which is a pittance compared to health care costs. I really can't see any justification for putting health insurance in the same category.

By: Arguing with signposts... » How to lose friends

Arguing with signposts... » How to lose friends — Wed, 31 Dec 1969 18:00:00 +0000

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11/22/2004

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Outside The Beltway : Bush Plans Tax Code Overhaul I’m not averse to overhauling the tax co [...]