A FAVOR….Can someone please read this Michael Kinsley column about the Alternative Minimum Tax (exciting!) and tell me what his point is? I genuinely can’t figure it out.
Is he actually in favor of jettisoning the current tax code and replacing it wholesale with the AMT? He sort of implies this but doesn’t really say so. Nor does he make even an attempt to figure out what effect this would have on tax revenue, even though a few paragraphs earlier he was mocking Republicans who take the same attitude toward eliminating the AMT. Likewise, in one paragraph he bemoans Bush’s tax cuts for the rich, and in the next he claims that the AMT is pretty good because it “resembles the ‘flat tax’ of many reformers’ dreams.” So what’s going on here? Is he in favor of more progressivity or more flatness?
Or is he just rambling without any real point to make? Happens to the best of us, I guess.