Family tax needs fixing: Mid-income households taking a pounding
By John F. Kerry
Monday, April 17, 2006
This time of year, millions of middle-class families are feeling the pinch of the family tax as they fill out their taxes.
Teachers, police officers, nurses and hard-working families with household incomes in the middle-income tax brackets will be forced to pay the Alternative Minimum Tax penalty, sometimes thousands of dollars.
Families who hoped to use a tax refund or money saved the hard way during the year for college tuition, a down payment or health-care costs will end up in the red because of the Alternative Minimum Tax which would be far more appropriately named the family tax.
But watching Congress and this White House drag their feet on a family tax fix, you would think there is nothing wrong with middle-class families taking a pounding on their taxes in an economy that already squeezes their budgets when they pay bills or fill up the car at the pump.
http://news.bostonherald.com/opinion/view.bg?articleid=135438 Did anyone else see this covered on MSNBC? It was followed by some vague, inane comments by the admin on how they are 'working on it', but MSNBC did quote this piece from the Senator today.