Tax Cuts Still On the Table

According to the WP the newest round of tax cuts aren't dead yet, despite the news last week they'd been cut significantly by Congress. Well Bush did say he wanted them and we all know what to expect when he wants something.

The rationale is that with a 'victory' in Iraq the administration has the political capital to push the original through. But common sense should tell these great thinkers that with reconstruction there will be even less capital to go around.

Economics may as well be a foreign language to me. But I expect more from those writing new laws. Thankfully there are people like Max Sawicky who understand it all too well.