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Sunday, September 19, 2004

Tax Reform?

According to the Economist magazine, the tax code grew by 10,000 pages during George W. Bush's first term in office.

Furthermore, the Economist reports, "This year's deficit, at $422 billion or 3.6 % of GDP, is marginally lower than the [Congressional Budget Office] estimated six months ago. But the outlook for the next ten years has worsened, to a cumulative deficit of $2.3 trillion."

So while the Republicans proclaim themselves the party of tax reform and fiscal responsibility, it looks like this year the best party to push for either goal is the Democrats.


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