Either increase the tax or shorten the time it is in effect?
Can you give me a source where I can the answer to this question in writing?
2006-12-21 06:56:57 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The tax reform act would require new legislation to change the law. They can make it retroactive only to the first of the year in which it is passed. You are safe for at least 2 more years. Any change would require the Senate to approve, and the senate Republicans can block the legislation from being brought up to vote.
2006-12-21 07:29:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Of course they can change that, probably effective retroactively to 2007. As I recall, Clinton pushed thru higher death taxes that were retroactive circa 1993, and it became a running Rush Limbaugh tag line.
2006-12-21 07:00:58 · answer #2 · answered by geek49203 6 · 0⤊ 0⤋
yes democrats can pass new laws just as easy as President Bush who is not a democrat can veto them so dont expect alot of those laws passed untill 2009 earliest since Demos still have not the White House
2006-12-21 07:08:50 · answer #3 · answered by William H 2 · 0⤊ 0⤋
See this link.
http://en.wikipedia.org/wiki/Jobs_and_Growth_Tax_Relief_Reconciliation_Act_of_2003
2006-12-21 07:06:31 · answer #4 · answered by spicertax 5 · 0⤊ 0⤋