IRS delay

One of the few places in the LAT where you can find actual news and accurate information is in anything written by Kathy Kristof. Her stuff usually appears in the Business Section. Today she reports on the delays that taxpayers will suffer in 2008 when filing their income tax returns, especially taxpayers expecting a refund. The delays are the result of the late AMT fix that Congress passed last week. Pelosi and Reid were warned months ago that a late fix would cause a multitude of problems for taxpayers but they ignored the warning. They knew a fix was inevitable, because failure to fix was not an option, and they knew months ago the kind of fix they'd have to agree to. Still, they twiddled their thumbs, and ruminated, which further reinforces the proposition that Pelosi and Reid are unable to face facts.