Part of the Dems attempt to remake the U.S. into Venezuela is reforming our tax system to continue the destruction. However, pilgrim, there are two things that Pocahontas is pushing for that I agree with — an alternative minimum tax (AMT) for corporations and elimination of the “carried interest” loophole for hedge fund managers.
One exception to these these proposals however — rather than a 15% AMT on corporate net profits, I would opt for, say, an 8% AMT on operating profits.
Also, I would drastically cut back on all the “green” handouts to American crony companies.
Do I now get my own tomahawk?
STAND UP FOR TAX FAIRNESS!