Floyd Norris reports on Dubya's tax priorities in today's Times. Nothing on the AMT, nothing about the export tax break which the WTO has tried to ban. But there is this:
- ... in one of the lesser tax proposals in the budget released this week, President Bush offers a tax break for what must be a very small group of taxpayers: those who support their grandchildren even though the kids are independently wealthy or earning a substantial income on their own. For the first time, such grandparents will be able to claim dependent exemptions for the grandkids.
I will let this stand alone. It is a perfect gem. Anything I could add would only mar its singular perfection.