Friday, April 15, 2005

The AMT this Tax Day

WSJ's lead editorial this morning - OpinionJournal : "the silver lining of the AMT is that it will drive blue-state Democrats into the tax reform debate later this year. Their own constituents will be demanding some relief. So far this year, Republicans are again proposing a temporary AMT fix that would spare some taxpayers from its clutches for another year or two. But maybe they should instead let this class-war Frankenstein continue to terrorize the liberal countryside until Democrats have no choice but to support major change when the President's Tax Reform Commission reports in July.

Who knows, this entire AMT experience might even induce liberals to reconsider the wisdom of soak-the-rich tax policy. At least we can dream. Happy April 15th. "

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