Exactly.
I am okay with Miers based on what I am reading.
But, this really is not okay with me. We need real tax reform.
If we don't get it, Bush will hurt his legacy seriously.
I've sent e-mails to both of my Republican Senators. Next, I'm on the phone to their offices tomorrow. This crap cannot go unpunished. We need voices in Washington not whitewashers.
We're not going to get serious reform until at least 2007 after the midterms. Before then we need to get the current tax cuts made "permanent". We also need to make some progress on dealing with SocSec. This will be one of the major campaign issues of 2006 so we need to get the Senior citizens paid off and guaranteed so we can solve the mid to lng term problems for the rest of us.
Until we buy them off, they will make it impossible to fix the unfunded liabilities of SocSec and Medicare.
The idea to cap the deductability of home mortgage interest will likely be shot down, or done in steps (like $800k in 2007, dropping $100k per year till it gets to $400k, and indexed for inflation after that. I would like to see the deduction removed entirely over time, and the AMT phased out at the same time.
The $11k cap on medical premiums would have very little impact in raising revenue.
The real solution is to get control of the entitlements before they strangle us, and get them off the regular working budget of the US.