One of the big issues which has been looming over the federal government over the past several weeks is the Alternative Minimum Tax. The House of Representatives recently passed a bill reforming the AMT and making up for the reduced revenues in other places. The administration, however, has consistently warned against such a fix.
“The administration does not believe the appropriate way to protect 21 million additional taxpayers from 2007 AMT liability is to impose a tax increase on other taxpayers,” the White House said in a policy statement.
They would prefer a bill like that passed by the Senate, which does not compensate for the lost revenues.
How confusing. I thought part of conservatism was living within your means, paying as you go. Strange that conservatives today are so eager to reduce revenues, but not to reduce expenditures. Oh, sure, they’ll talk about cutting back on social programs. But this administration and most conservatives have no desire to cut back on military spending—by far the biggest drain on government coffers, as has been mentioned before. Never before has this nation—any nation—engaged in a war without requiring sacrifice from their citizens in order to help pay for the war. This administration? They would prefer for citizens to act as if the war didn’t exist. These conservatives want to buy their illegal and immoral war on credit.
Why not. Go ahead, cut taxes. Our kids can figure out a way to pay for our generation’s blunders.