Entries for February 20, 2007

Recent news reports have hinted that President Bush might be willing to go along with tax increases on wealthier Americans to pay for a costly fix to the alternative minimum tax. One possibility raised by Democrats is raising taxes on those making $400,000 or more. But don't look for the White House to sign up for any plan that raises tax rates, a move that would reverse one of Bush's signature domestic policies. As one White House official put it, "I've heard no internal discussions on that approach and sense no appetite for that kind of a trade-off."