"The welfare of humanity is always the alibi of tyrants" - Albert Camus

Thursday, August 5, 2010

A Great Democrat Proposal

So that my progressive friends do not accuse me of opposing anything Democrat, here is an example of a proposal I have supported for several years.

Six congressional Democrats from New York are pushing a tax cut for people who live in high-income areas. The idea is to index everyone's income tax brackets to the cost of living, giving a big tax break to everyone who lives in the nation's most expensive areas.

Group calls itself the Tax Equity Caucus. Rep. Israel said the new caucus would focus on language similar to a bill by introduced by Rep. Nadler last year (HR 1943) that would require regional cost-of-living adjustments for tax rates. 

Now, that is a great idea that would bring some equity and good sense in to our convoluted tax code.

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