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A Clash of Goals in Bush's Efforts on the Income Tax
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Issue
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| Contributor | RP |
| Last Edited | RP Oct 06, 2004 10:35pm |
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| Category | Analysis |
| Media | Newspaper - New York Times |
| News Date | Wednesday, October 6, 2004 06:00:00 AM UTC0:0 |
| Description | Almost all experts agree that the current tax code is hideously complicated and often unfair. But they also say that accomplishing any fundamental change will be hideously difficult, in part because Mr. Bush's goals clash with one another and with some of his own initiatives.
Making the tax code simpler also clashes with other agendas. Even as he denounced the "special interest loopholes" last month at the Republican National Convention, for example, Mr. Bush suggested potentially popular new tax breaks for home builders and businesses that invest in poor communities.
Since taking office in 2001, Mr. Bush has either supported or condoned scores of other tax breaks for oil and gas production, small business owners, hydrogen-powered cars, families with children and many other purposes.
This week, working to repair a flaw in the corporate tax system that violates global trade rules, House and Senate Republicans are negotiating a business tax bill that would add hundreds of additional special-interest tax breaks. Running more than 700 pages long, the bill includes tax favors for multinational drug companies, Alaska pipeline developers, car dealers, shopping mall developers and even oil service companies that set up foreign headquarters to escape American taxes.
On Monday, Treasury Secretary John W. Snow complained that the corporate tax bill has "a myriad of special-interest provisions that benefit few taxpayers," but he stopped well short of suggesting that Mr. Bush might veto it |
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