But if Democrats impose the pay-go rule, they cannot fix the alternative minimum tax without gutting existing spending programs -- much less creating new ones -- or sharply raising other taxes.Sounds like a perfect opportunity to swap in a gas tax, which should doubly please environmentalist Democrats.
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Monday, November 27, 2006
Pelosi's pigouvian opportunity
SF Chronicle on how fixing the Alternative Minimum Tax, which hits Democratic voters hard, is putting the new Democratic Congress in a tough spot: