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Shut ‘Em Down!
Posted by Bill on Dec 12th, 2007
2007
Dec 12
Is the shut down of government imminent? According a report by The Hill, Republicans are holding fast against Democrat attempts to raise taxes under the Pay-Go rules in the House. The Issue: alternative minimum tax (AMT) relief.
At worst, taxes are raised to offset an estimated loss of $50 billion as a result of increasing the AMT exemption. At best the AMT is repealed or the exemption is heavily increased without an increase in taxes else where. Between these two options lies another possibility: the shut down of the Federal government. Naturally, I would prefer an AMT patch without an offsetting rise in taxes, but by no means will I complain about a shut down of government in the alternative!
December 12th, 2007 at 11:53 am
Shutting down is good, but I would be satisfied for the short term of the next couple of years of reducing military spending to that of Iceland.
December 12th, 2007 at 9:06 pm
I’m rooting for a shutdown that lasts roughly four years.
December 13th, 2007 at 11:34 am
About now is the time for AWB or Bill to jump all over Karl for the unreasonableness of his desire. Much like I received when I hoo-rayed a do-nothing Ron Paul administration.