Back in 2000 I asked all of my pro-Bush acquaintances who were salivating in anticipation of tax cuts to come, to please explain to me how they were addressing the administration’s failure to revise the AMT.
“AMT…what’s that?” they said.
The Christian Science Monitor has been paying attention.
And the EU is making good on its threat.
EU to Impose Sanctions on U.S. on Monday
“The picture is now quite clear. Countermeasures will go into effect by next Monday,” Lamy told the European American Business Council after meeting with the chairman of the U.S. House of Representatives Ways and Means Committee.
The retaliation, the first imposed by the EU on the United States, will hit a wide array of agricultural and manufactured goods ranging from buckwheat to nuclear reactor parts. Lamy said the sanctions would remain in effect until the U.S. Congress passes legislation to repeal the tax breaks.