Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
1 comment

The Next Round of Tax Increases - NYTimes.com

Quicklink submitted by Susan Lee Schwartz     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It


At www.nytimes.com

...'The White House seems to think the deal has established a firm foundation for building a new fiscal house. In fact, the deal could make tax reform less likely. And without reform to raise new revenue, deficit reduction would have to rely heavily on spending cuts, an outcome that can be averted only by persuasive and sustained leadership from President Obama.,,,The deal removes impetus for reform by permanently 'patching' the alternative minimum tax. The change ensures that the A.M.T. will no longer routinely threaten to ensnare tens of millions of taxpayers for whom it was never intended. This is a step in the direction of better tax policy, but it also means the loss of the A.M.T. as a potent reminder of just how in need of reform the tax code is.'

Read the rest of the story HERE:

At www.nytimes.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
Ten percent, for everyone, no more, no less, no lo... by molly cruz on Thursday, Jan 10, 2013 at 2:45:40 PM