Friday, January 27, 2012

Is the President Real?

In the State of the Union, the President made the claim that he would work to find common ground with his GOP colleagues.    Taxes are a place where the President could walk the walk.   The President claims it is essential to increase rates on high income taxpayers.  He clearly would like to raise a bit more tax revenue.   But if he were serious about this he might take some of the ideas of former GOP Presidential candidate Jon Huntsman and reduce rates and eliminate deductions and credits.

When that was last done (1986) a couple of things happened.  First, tax revenues increased.  Second, rich people (the guys that Obama wants to target) actually paid more taxes.

If he is using this as a political ploy - then he will not try to think about how to co-opt the GOP - we get gridlock and lousy tax policy and he thinks he can win re-election with that nonsense.

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