Friday, August 04, 2006

The Do-Nothing Congress: Minimum Wages v Estate Taxes

Tying the minimum wage increase to estate tax modification and tax credits for research and development expenses is perfect for the do-nothing Congress.

Senate Democrats blocked legislation tying the first minimum wage increase in almost a decade to a decrease in the federal estate tax. Republican backers of the measure, dubbed the trifecta for its three chief elements, fell 4 votes short of the 60 needed to cut off debate. Democrats had argued that it was a bad bargain to exchange a $2.10 wage increase for struggling workers for a costly tax cut for the country's wealthiest families.

The minimum wage argument appeals to the ignorant. There should be no minimum wage law. The market should dictate wages, not the government.

Estate taxes are just a way for free-spending legislators to get more money for their pet projects. Anyway we can reduce taxes -- for the rich or not so rich -- is good public policy.

Government is too big. The Republicans have not shown much discipline in reducing taxes and spending, but the Democrats have never shied away from taking more of our money and giving it to those they deem need it more.

I like a do-nothing Congress. I like a Congressional stalemate. Just about every bill they pass means the government will take more of our money and build bigger government programs. One party just does it slower than the other.

1 comment:

christovich79 said...

why is the GOP trying to pass a higher minimum wage?
I don't get it. I thought that was the donkey's thing.