I don't think anybody would disagree that the tax code is seriously FUBARed. But every proposal to fix it is utopian--theoretically viable, ideologically pristine...but doomed by not taking into account real world politics. The tax code isn't handed down from the mount by a dictator, benign or otherwise, who can see that it isn't distorted and its perfection isn't undermined. Tax codes in a democracy emerge from political struggles among competing parties all determined to warp the tax code in their favor.
In that light, I think we can drop the pretense that Bush's plan is intended to stimulate the economy. It's just another tax break in sheep's clothing for a favored constituency. Whether or not you think that constituency deserves it (kind of like the issue of racial preferences), it's more of the same thing that got us into this mess.
==Robert
Current Events » in reply to There needs to be some fundamental restructuring of the tax code
Re: There needs to be some fundamental restructuring of the tax code