Democrat Economics

Nancy Pelosi recently sent this letter to President Bush, urging him to work with Democrats on determining various tax reform initiatives. 2 things struck me in reading the letter.

• Tax reform must not result in tax increases on middle-income families, and we must uphold our commitment to progressive taxation.

No surprise here, as I've known for a long time that the Democrats are really socialists, committed to income redistribution schemes. I did find it interesting that Ms. Pelosi made such a weak attempt to hide it. Of course, most Democrat voters don't understand the term "progressive tax" anyhow.

• This tax burden will only increase as more families are ensnared by the Alternative Minimum Tax (AMT). By 2010, the AMT is expected to hit 33 million taxpayers, up from just 1 million in 1999.

And which President was it that gave us the AMT?