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Republicans, the party of ideas

From The Washington Independent via Josh Marshall: The amendment submitted by Senator Jim DeMint of SC as a replacement for the Democrats' stimulus bill consists solely of these items:

• Permanently repeal the alternative minimum tax once and for all;
  
• Permanently keep the capital gains and dividends taxes at 15 percent;
  
• Permanently kill the Death Tax for estates under $5 million, and cut the tax rate to 15 percent for those above
  
• Permanently extend the $1,000-per-child tax credit
  
• Permanently repeal the marriage tax penalty
  
• Permanently simplify itemized deductions to include only home mortgage interest and charitable contributions
  
• Lower top marginal income rates from 35 percent to 25 percent
  
• Simplify the tax code to include only two other brackets, 15 and 10 percent
  
• Lower corporate tax rate as well, from 35 percent to 25 percent

Talk about your old, tired, failed prescriptions!