Date: November 29th, 2005

Political zugzwang and the OMB passback

29 November, 2005 (10:24) | Concepts in housing, Finance, Local taxation |

A few weeks back, the Administration made a puzzling move whose deftness is becoming clearer the more I reflect on it.  By tabling a proposal to overhaul the tax code, the Administration has placed many other political players into political zugzwang: whatever they do, the Administration gains.
 
In chess, the German word zugzwang (”compulsion to move”) [...]