Strange Bedfellows

It’s nothing out of character for the DemonRats and their Fellow Marxist Travelers to oppose capitalism and fairness in the tax code in their class warfare to oppose the elimination of the double taxation of corporate income.  What is a little odd is the selfish opposition to the change in dividend taxation by supposed capitalist financiers, such as the tax free muni and housing tax credit industries, who don’t want the competition for investor money that they fear from tax free income from capital stocks. While, there can be genuine philosophical debates over the effects of the removal of the double taxation on the capital markets, these protectionist attitudes show that fans of high and unfair taxes can be found in unlikely places.

KMK

Loopholes

Most people assume that tax loopholes are only used by evil people and companies to avoid paying taxes.  In actuality, loopholes are also used by our rulers to avoid the limitations placed on them by the voters in regard to raising taxes.  This really isn’t a new tactic, but out on the Left Coast, the rulers of the PRC have a laundry list of new fees that they are anxious to raise in order to avoid having to comply with the two-thirds vote required to officially raise “taxes.”  Splitting hairs with terminology allows the rulers to simply rename levies as “fees” and be free to increase them as much as they want.

KMK

President still seeks full package of tax cuts

Bush planning to press Ohio RINO senator on tax cut

Unions to Campaign Against Tax Cuts

– This is feeling like the pre-trial publicity for a murder case, with each side claiming a willingness to fight to the end and achieve complete victory.