By Wayne Taylor & Jerry Love, Louisiana Baptist Foundation
As usual the title given to a bill recently passed by congress doesn’t reflect what the legislation actually does. Most of the provisions in the American Taxpayer Relief Act of 2012 don’t apply to all American taxpayers; most of the provisions apply to upper income earners.
The new legislation also provides very little relief to taxpayers. It wasn’t even passed or signed in 2012. Neverthe-less, it is a legislative act and must be dealt with.