September 19, 2011
CHUCK SCHUMER: Tax The Rich, Just Not My Rich. Quoth Schumer: “$250,000 makes you really rich in Mississippi but it doesn’t make you rich at all in New York and there ought to be some kind of scale based on the cost of living on how much you pay.”
Which is precisely why capping the mortgage interest deduction and eliminating the deductibility of state income and property taxes is such a great way for Republicans to give the Democrats what they say they want. . . .
Meanwhile, following up on my idea to hit Hollywood with some taxes, note this: 6 Things The Film Industry Doesn’t Want You To Know About. Let’s limit that “tricky accounting!”