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Monday, April 30, 2007

Tax News Roundup

AP: Tax Hikes on Rich Possible, Edwards Says

L.A. TimesEdwards Puts Taxes for Rich on the Table, by Mark Z. Barabak & Maeve Reston

MarketplaceThe Ultimate Tax Dodge

ReutersEdwards Says Would Consider More Taxes on Rich

USA TodayEdwards:  A Tax Hike is Worth Considering to Fund Health Care

Wall Street Journal:

Washington PostTime for a D.C. Congestion Tax?, by Marc Fisher

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Comments

Edwards went on record at the Democratic candidates' debate as defining the "rich" as anyone who makes more than $200,000. Geographically, in most parts of the United States, that is accurate. But in major metropolitan areas and their suburbs, one need not look far to find households with more than one child that earn gross income of $200,000, yet cannot attain the standard of living that similar middle class households enjoyed 30-40 years ago. Edwards turns an apparent deaf ear to this issue, and with good reason. All he really wants to do is finance a welfare state in which any dissenters are fodder for the plaintiffs' bar.

Posted by: Jake | Apr 30, 2007 6:54:26 PM