TITLE

Rangel Tax Reform Riddled With Hikes

AUTHOR(S)
Moylan, Andrew
PUB. DATE
November 2007
SOURCE
Human Events;11/5/2007, Vol. 63 Issue 38, p1
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author comments on the tax reform plan announced by U.S. House Ways and Means Committee Chairman Charlie Rangel. He thinks that the impetus for the massive reform plan is a mistake made by Congress called the Alternative Minimum Tax (AMT), which requires the filer to complete a second tax return and pay steep income tax rates when an individual is taking too many legal tax deductions. He asserts that, instead of simply correcting the mistake, Rangel's plan would offset every dollar in lost receipts with new kinds of misery sprinkled in the tax code.
ACCESSION #
27466346

 

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