Thursday, December 06, 2007
The congressional squeeze
It is really getting to be humorous watching the pathetic dems trying to navigate the tricky waters in Congress. First, they have overtaxed constituents in New York and other big liberal states who will be hit with large extra taxes if the AMT is not modified. They could do this, but they want to raise taxes on the wealthy hedge fund operators and these people are big contributors to Senator Schumer and other fat-cats in the dem party. As a result they are frozen in limbo at a time when if something isn't done, the IRS can't even print forms for reporting and this would delay the tax refunds for the middle class who depend on them as if Christmas presents. In fact, they often need them to pay for Christmas. Hard to keep everyone happy and bash Bush at the same time.