June 05, 2003

Alternate universes?

Hmm. Looks like my cursory analysis of military families as non-recipients of those tax cuts was accurate. Bills are being bandied about to try to fix this "oversight," but in order to get House Republicans to go along, credits may have to be given to married couples making $110,000 to $150,000 as well. Senator Grassley has this gem:

"They're middle-income families," he said, explaining why the credit should be given to families making $150,000. "And why should you eliminate a deduction? Because eventually a deduction becomes not a deduction."
Somehow I don't think the statistics bear out the concept of a $150K annual income as being in the middle of American wage scales. (Full disclosure: the highest-paying job I've ever had was Assistant Info Systems Manager for an 800-room hotel: $27K per year).

Posted by Linkmeister at June 5, 2003 10:10 AM
Comments