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Thursday, July 21, 2005

Alternative Universe

A propos of my earlier post regarding the federal deficit, I'd planned to comment on the news that the Presidential tax-reform commission is looking at getting rid of the AMT. Since Bush gave the Commission a revenue-neutrality mandate (kind of ironic, coming from that guy, no?), the key question here is, where will the make-up revenues come from?

But Mark Thoma has done my work for me (Thanks, Mark!).

1 Comments:

Blogger cornhuskerblogger said...

C'mon jonah, it's obvious. so obvious it's a Laffer, man. Don't you get it: getting RID OF TAXES boosts TAX COLLECTIONS. The WH told me so.

7/21/2005 5:29 PM  

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