It's a big insufficiently remarked-on vulnerability. You don't have to be against high taxes to be against high marginal tax rates, which threaten to produce a boom in unproductive tax shelters. The tax-raising alternatives are to broaden the tax base (i.e. the sorts of income that are taxed) and to broaden the range of taxpayers who face increases (instead of soaking only the very tip of the income pyramid, those making over $250,000 or $300,,000 a year). ...
**--Obama does seem to have watered down his tax position a bit, fudging what seemed to be an inclination to impose the Social Security payroll tax of 12.4% on high earners. Now aide Jason Furman says
[W]e are looking at a range of plans, think Congress might like to have rates that are in the neighborhood of 2% to 4%."
Good climbdown, Jason! But was Obama just winging it before? And never mind what "Congress" wants. What does Obama want? ... Are Obama's own aides already invoking Congressional Democrats as a valuable check on their candidate's leftish instincts? ... 11:20 P.M. link
And they say investigative journalism is endangered: Driving to the 7-11, I passed a strange, ugly car/truck vehicle I'd never seen before. All the badges and identifying lettering had been removed. It turned out to be a SsangYong Actyon. But of course. ... Or ... wait ... did it just look like a SsangYong Actyon? Yes, that's what they wanted us to believe! But Autoblog Green penetrates the mask of the phenomenal world to uncover the hidden truth. ... 2:11 P.M. link
Friday, July 18, 2008
So when Obama opposes the surge it's potential "chaos" and "disaster," according to John McCain. But when Chuck Hagel opposes the surge it's an "informed decision"? "I respect his views," says McCain. ... GetDrunk asks: "Will McCain 'respect' Obama's views once Obama has 'studied the issue'?" ... Maybe Obama was relying on Hagel's deep knowledge! Does that make it better? ... If an "informed decision" leads to chaos and disaster, what does that say about the value of the process by which U.S. Senators go about becoming "informed"?... P.S: You'd think McCain could just say, "I think Sen. Hagel is wrong"? What is it about Hagel that has the power to fog not just his own mind but the minds of others? Does he tell great dirty stories? Is he so gloomy that his friends worry that dissing him will send him over the edge? ... 5:10 P.M. link
Thursday, July 17, 2008