Re: tax cut passes Congress (U.S.)

["Andrew Hagen" <xah@xxxxxxxxxxxxx>]

On Sun, 27 May 2001 12:02:03 -0400, Max Sawicky wrote:
>The traitor Baucus will remain head of Finance as long
>as the Dem margin in the Senate is so small.  If they
>took him off, all he would have to do is switch parties
>and the Repugs would give it back to him.  After all, he
>did vote for their tax plan.  If there is payback it will
>be after the '02 elections, if the Dems increase their
>margin.

You're right. It looks like Baucus will head the Finance Committee.
Conrad will head the Bu
Committee.

<http://dailynews.yahoo.com/h/ap/20010526/ts/tax_cuts_109.html>

<http://dailynews.yahoo.com/h/nyt/20010526/ts/new_chairmen_shift_priorit
ies_for_the_senate_1.html>

By the way, Paul Krugman has an interesting column on the new tax
regime. So far, it's the best description I've seen. The sunset
provision preserves the deception that after 9 years of the regime, all
of the taxes will revert back to pre-2001 levels. In reality, that is
impossible for political reasons. The tenth year of the projection uses
these funny numbers. Thus, the tax cuts seem significantly smaller they
will be over the full 10 years. SOP GOP.

The final tally: the top 1% gets 37% of the total tax cuts. The lower
60% get 15% of the total tax cuts. Something to think when you cash
your check.

<http://www.nytimes.com/2001/05/27/opinion/27KRUG.html>

Andrew Hagen
xah@xxxxxxxxxxxxx