Governed By Elitists
Published: October 25th, 2010
By: Tom Morgan

Governed by elitists

Do you doubt we are governed by elitists? Perhaps this will persuade you otherwise.

Congressguys left Washington to campaign. Without acting on the Bush tax cuts. And they left town without fixing another tax matter. That negligence may force up to 25 million folks to cough up thousands in more taxes.

This is not about whether taxes should go up or down. This is about the fact that we do not know where they are going. That is the issue.

Back to the Bush tax cuts. The Treasury issues tax-withholding tables. These tables tell employers how much to withhold from paychecks of workers. Those employers need those tax tables now. To set up payrolls for January in the new year. They need them now. Because it takes weeks for payroll processors to change their systems.

Come January, millions of folks could see bigger bites taken out of their paychecks. Because Congress never acted. Congress left employers in the dark.

Congress has not patched the Alternative Minimum Tax – the AMT. They have to do this every year. To keep it from whacking millions more taxpayers. Congress had all year to do this. Did they? Nah.

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Congress has had several years to decide what to do with the Bush cuts when they start to expire next year. Did they? Nah.

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