Thursday, October 18, 2007

Forget Iraq, Rangel Starts Tax War

According to The Politico, House Ways and Means Committee Chairman Charles B. Rangel had one message for the tax world: Rest up now, because next week a two-front war will begin.

Rangel said on Wednesday that he’ll introduce not just one, but two, major tax proposals. It’s a political power play by the New York Democrat, who aspires to completely revamp the entire tax code over the next two years.

One thing is for sure: Rangel isn’t waiting around. On Wednesday, he said he has gotten assurances from both Speaker Nancy Pelosi (D-Calif.) and House Majority Leader Steny H. Hoyer (D-Md.) that “his slot is reserved for this year.” The chairman said he was leaning toward bringing the bill up for a vote next year but left open the possibility that — if the momentum is there — the bill could come this year.

I want to know, after so many Republican wrought Congressional failures under their belts this year, why would Democrats want to be dealt yet another one with this stupid tax war?



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