Friday, October 14, 2005

stickin' it to the middle class

In yesterday's Tennesseean, there's an interesting article about proposed tax reform. It seems that a Bush appointed panel is proposing to get rid of the alternative minimum tax (which is meant to target rich people who would otherwise pay little or no income tax), but since all proposals must be revenue neutral (i.e. you gots to get the money from someplace else), this panel is looking at eliminating or reducing two deductions which favor the middle class.

That is those for mortgages and health benefits. Who benefits most from those? The middle class and middle class aspirants.

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