If the 1600 Crew proposes, then its up to America to dispose...will that be the fate of the next round of tax-cutting for the wealthiest Americans by the Super-Crony Administration? Because remember, if you're not a Pioneer...you ain't shit.

Chosen to find a simpler way to tax the nation, a presidential panel on Tuesday recommended two designs that would rewrite virtually every tax law for individuals and businesses. Treasury Secretary
John Snow called the propoposals "bold recommendations" but he did not indicate what ideas the administration would embrace.

Under the panel's plan, most deductions, credits and other tax breaks would be eliminated along with much of the paperwork and equations that baffle taxpayers under a drastically simplified income tax.
...
Drawing particular criticism, the panel determined that tax breaks for homeownership be changed to spread their benefits to more middle-income families.

The panel would convert the home mortgage interest deduction into a credit equal to 15 percent of mortgage interest paid. The $1 million limit on mortgages eligible for the tax break would shrink to the average regional price of housing, ranging from $227,000 to $412,000.

But here's the real sop to the Pioneers...just what the Grovel Nosetwist wing of the North American Fat-Cat party has been waiting for so patiently all these years:

Under one plan, individuals would pay no tax on dividends paid by U.S. companies and exclude 75 percent of their capital gains from taxation. Under the second plan, all investment income would be taxed at 15 percent.

Who doesn't want to have simpler tax forms? The question is, how many Sheeple will clamor for simplicity at the risk of causing further economic ruin to themselves and our country so that the richest of the rich get more tax breaks?

I can't wait for Prezint Bidness Failure to go out on the road and start selling this to his prescreened audiences. Maybe instead of Mommy Bar, he'll get Princess Sedation to come and talk about the new, simpler tax forms that even Beloved Leader can figure out. Blind Drunk. And Stupid.

It's funny that the republicans always talk about how Democrats "have no ideas". Well, that's really not true, it's just that none of our ideas involve ruining the economy, pissing off our friends and allies and being criminals. So, I guess from a certain jaundiced point of view, they're correct in a playground sort of way.