That's what Harry Reid is saying anyway. {C}I'm not a parent, so I'm not exactly sure how a man would explain to his daughters that they'll have to spend Christmas on the beach without Dad but he can always Skype in from the West Wing, or he could take the Paul Ryan approach. [Reuters]
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Wilbur Ross Would Like to Torpedo the Income Tax and Replace It with a VAT
Why? Because we need the tax policy equivalent of Law & Order: SVU.
“We need something that is very far-reaching, very dramatic,” said Ross, the head of W.L. Ross & Co. “An idea I’ve been in favor of is to scrap all of the corporate income taxes, all of the individual income taxes, and substitute a value-added tax on all goods imported into the country and manufactured and consumed here, and then rebate it on exports.”
Oh and that jobs bill? It’s bupkis:
“The amount being put in relative to that plan, compared to the jobs they say it will produce, is way out of whack,” Ross said.
Implement VAT, Cut All Income Taxes to Create Jobs: Ross [CNBC]
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Wealthy Canines Not Spared Democrat’s Ire During Tax Cut Debate
Somewhere in the whole mishmash of yesterday’s events leading up to the House’s passage of chicken crap, Joseph Crowley took to the floor to remind us know that it’s just not wealthy humans that stand to benefit greatly from tax cuts.
[via Gothamist]