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...forget that a world without Yalies would also mean that President Bush would take a permanent vacation to the ranch. Cheney might also call in sick—there’s probably a good chance this happens on any given day. Maybe someone could even fix that whole Iraq thing...

Author: By The Crimson Staff | Title: Mistakes Were Made | 11/16/2007 | See Source »

...limb. "Why risk losing all those contributions when the President's going to veto it anyway?" said Bob McIntyre, head of Citizens for Tax Justice. Since there won't be enough votes to override a veto, this Congress will likely have to pay for the tax fix the old-fashioned way: by adding to the deficit...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

Congressional Democrats must feel a little disoriented by the emerging battle over how to pay for this year's fix for the Alternative Minimum Tax. The party that usually never misses an opportunity to portray itself as the champion of the working class suddenly isn't so wild about making a certain share of wealthy Americans pony up more cash to alleviate the impact of the AMT on millions of middle-class Americans. And for once, the Dems will be downright relieved if President Bush delivers on his veto threat, in this case effectively taking the difficult decision...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

...billion measure at issue, passed last week by the House of Representatives, is the latest one-year band-aid to fix the AMT. Created in 1969 to ensure that the rich would pay at least a minimum amount of tax annually, the AMT has ended up walloping an increasing share of the middle class. This year 21 million "ordinary" Americans will be hit by it if Congress doesn...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

...hikes - even threatening a filibuster if the Dems were to bring up the House bill. "The last thing the American people need right now is a massive tax increase which would be a dangerous jolt to our economy," said Senate Minority Leader Mitch McConnell. "Congress must pass a responsible fix to this middle class tax hike, the AMT; a fix that doesn't replace one massive tax increase on Americans with another." Some G.O.P. staffers say a "clean" bill could pass the Senate this week, meaning a bill that shunts the cost to the deficit or through cost-cutting tactics...

Author: /time Magazine | Title: The Dems' Tax (and Spend) Dilemma | 11/15/2007 | See Source »

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