“OK so Bush shouldn’t have supported his tax plan since the Dems would let it expire for the top brackets.”
Bush lowered the rates of an existing tax. That is a vastly different thing than instituting a new tax that the US has never broadly had in its modern history.
“Any better ideas???”
1. Sure don’t give the Dims a whole new tax to that the US had never broadly had in its modern history.
2. The Fair Tax idea of moving to a consumption tax after a constitutional amendment outlawing income taxes is one interesting idea.
3. Moving to a flat income tax with few exemptions.
4. Shifting tax settlement day from 15 April to say the first Tuesday after a Monday in November. Did you ever wonder why tax settlement day is as far removed from election day as possible?
5. End double taxation of dividend and interest income.
6. Quit taxing the inflation part of capital gains. Any president could do this by executive order.
There are lots of good ideas of what to do with the US tax code and even more ideas if you are just talking about spurring economic growth to get out of this recession. None of these ideas involve giving the Dims yet another tax to raise when they get back in power.
2. The Fair Tax idea of moving to a consumption tax after a constitutional amendment outlawing income taxes is one interesting idea.
the plan is to move to a fair tax.