Browsing the blog archivesfor the day Friday, October 28th, 2011.


Stuff to Read

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Obama Administration

Republicans’ “job-creating” spending cuts destroyed 370,000 jobs.

68% of millionaires are OK with paying more taxes.

John Boehner complains that the President is overstepping his constitutional authority. In the next breath, Boehner says the President has given up on governing and is doing nothing but campaigning. Our President is one talented guy — a slacker authoritarian?

An article at Bloomberg/Business Week explains why flat tax plans don’t perform as advertised. But Stephen Moore at the Wall Street Journal think they work just fine —

Republican presidential hopeful Rick Perry must be onto something with his flat tax. Liberals wasted no time on Tuesday shooting arrows at the Texas governor’s proposal, labeling it a giant-sized tax cut for millionaires and billionaires that’s paid for with higher taxes on the middle class.

See? Flat tax plans annoy liberals. What more do you want?

Obama administration spokesman Ben LaBolt said the flat tax “would shift a greater share of taxes away from large corporations and the wealthiest onto the backs of the middle class.” Mr. Obama’s team just can’t get away from the class warfare theme.

And on and on. Moore doesn’t refute any of the criticisms of flat tax plans; he just thinks they’re trivial little details that shouldn’t concern anyone.

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