December 3, 2005

Tax Cuts for the Very Rich, AMT for the Rest of Us

Edmund L. Andrews:

DO House Republicans harbor some sort of deep rage against moderately affluent families with lots of children?

Maybe not, but take a close look at the $56 billion package of tax cuts that House leaders hope to pass before Christmas, and you have to wonder.

If it were to become law, any family with two or more children and an income of $100,000 ought to run for the hills.

Sift out dozens of nickel-and-dime provisions, and the essence of the House bill comes down to one provision that it includes and one that it omits.

Posted by James Zellmer at December 3, 2005 10:23 PM | Subscribe to this site via RSS:
Posted to Taxes