|
If this proposal goes any further and Pelosi has any sense of strategy, she'll call for a vote on this with no amendments and get the universal opposition from the 111th congress that it deserves. Then when the 112th comes in, the Democrats can fight derivative shitty proposals by attacking their opponents for supporting the proposal to raise the retirement age to 69, eliminate the Earned Income Credit, eliminate funding to the Corporation for Public Broadcasting, increase Medicare patient costs, eliminating taxes on outsourced jobs, and all the other bullshit. But that won't happen because the past few years have shown us that the Democrats' idea of compromise is to lube themselves up before bending over and taking it from the Republicans.
That's not to say there aren't decent ideas in here. They're not proposing eliminating the mortgage interest tax break for everyone, only for second homes, home equity loans, and mortgages over $500,000. It would also be a good move to tax capital gains as income.
|