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	<title>The Washington Independent &#187; fantasy</title>
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		<title>It&#8217;s All Part of My Stimulus Fantasy</title>
		<link>http://washingtonindependent.com/29076/its-all-part-of-my-stimulus-fantasy</link>
		<comments>http://washingtonindependent.com/29076/its-all-part-of-my-stimulus-fantasy#comments</comments>
		<pubDate>Thu, 05 Feb 2009 12:12:24 +0000</pubDate>
		<dc:creator>David Weigel</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[fantasy]]></category>
		<category><![CDATA[GOP]]></category>
		<category><![CDATA[republicans]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[Tax cuts]]></category>

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		<description><![CDATA[<p>This <a href="http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&#38;session=1&#38;vote=00038">amendment</a> to the economic stimulus bill passed by the House and now being considered by the Senate, submitted by conservative icon-in-the-making Sen. Jim DeMint (R-S.C.), was breathtakingly bold. The <a href="http://demint.senate.gov/public/index.cfm?FuseAction=JimsJournal.Detail&#38;Blog_ID=24188981-bb47-776d-5cd2-e4420988022a">gist</a>, from Sen. DeMint&#8217;s Website:</p>
<blockquote><p>o Permanently repeal the alternative minimum tax once and for all;<br />
o</p></blockquote><p> <a href="http://washingtonindependent.com/29076/its-all-part-of-my-stimulus-fantasy" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>This <a href="http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&amp;session=1&amp;vote=00038">amendment</a> to the economic stimulus bill passed by the House and now being considered by the Senate, submitted by conservative icon-in-the-making Sen. Jim DeMint (R-S.C.), was breathtakingly bold. The <a href="http://demint.senate.gov/public/index.cfm?FuseAction=JimsJournal.Detail&amp;Blog_ID=24188981-bb47-776d-5cd2-e4420988022a">gist</a>, from Sen. DeMint&#8217;s Website:</p>
<blockquote><p>o Permanently repeal the alternative minimum tax once and for all;<br />
o Permanently keep the capital gains and dividends taxes at 15 percent;<br />
o Permanently kill the Death Tax for estates under $5 million, and cut the tax rate to 15 percent for those above;<br />
o Permanently extend the $1,000-per-child tax credit;<br />
o Permanently repeal the marriage tax penalty;<span id="more-29076"></span><br />
o Permanently simplify itemized deductions to include only home mortgage interest and charitable contributions.<br />
o Lower top marginal income rates from 35 percent to 25 percent.<br />
o Simplify the tax code to include only two other brackets, 15 and 10 percent.<br />
o Lower corporate tax rate as well, from 35 percent to 25 percent.</p></blockquote>
<p>This got the support of all but five Senate Republicans.</p>
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