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To: RobFromGa
It would be very tempting to change the formula to aid the poor and penalize the rich, just as the current tax code does.

After seeing the Republicans now proposing to means test Social Security (something I don't like), the threat of an introduction of a means test for the "prebate" must be considered as a real possibility.

I would rather see the whole "prebate" (which already reminds all too much of McGovern's negative income tax) dropped from the NRST proposals. That would mean the rate could be dropped from 23%(inclusive)/30%(exclusive) to something more reasonable.

19 posted on 05/03/2005 5:39:04 AM PDT by snowsislander
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To: snowsislander

"I would rather see the whole 'prebate' (which already reminds all too much of McGovern's negative income tax) dropped from the NRST proposals. That would mean the rate could be dropped from 23%(inclusive)/30%(exclusive) to something more reasonable."

That would make the proposal regressive, which would make it politically DOA.


86 posted on 05/03/2005 9:20:31 AM PDT by phil_will1
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