thunder wrote:
Ah yes, the not a tax increase tax increase. ;-)

Yep, another variation on a common theme. Bear in mind though, gov't
debt drives up inflation which has the same effect as a tax increase.


... Actually, it's my
understanding Bush wants to study a potential complete tax system
overhaul, perhaps a flat or national sales tax.



Short Wave Sportfishing wrote:
YAY!!!!

??? A national sales tax would be a disaster. The ad valorum tax
structure is one of the things that are killing the European economy
(although it's not bad for *us* because it makes the U.S. more competitive).

A flat rate income tax sounds great until you look at it in any detail,
when you realize that it would have to be be around 28% in order to not
have a tremendous shortfall. Also, the morality sucks... it is
effectively a penalty on the less wealthy.

DSK