This morning, NPR ran a story about how the Alternative Minimum Tax, passed in the year of my birth (1969) and never indexed to inflation, is now hitting middle-class individuals and families in addition to the rich types it was supposed to soak. According to the report on the radio this morning, within the next ten years, 50% of American taxpayers are projected to be paying the AMT. NPR is shocked, shocked at the injustice of it all, you see.
They even ran a clip from a Congressional hearing wherein the Dems were outraged that the Administration is only proposing adjusting the AMT for one year.
Gee, could the Left’s sudden concern be based on the fact that they’re just now realizing that the AMT hitting that many middle-class folks might spur a nationwide tax revolt? Might put the Republicans back in power?
And could that “outrage” be based on the fact that the Administration is perfectly willing to let the AMT go back into full effect just in time for the 2008 elections?
Sometimes watching this inside-the-Beltway inside-baseball stuff is fun.
Wake up, Democrats. Nobody’s ever going to believe that you’re the party that wants to save people money on their taxes.