Robert Reich, Robert Reich's Blog: "The much-vaunted Republican pledge not to raise any taxes is crumbling. Today 34 Senate Republicans voted to end the special tax breaks for ethanol. According to no-tax-increase purists like Grover Norquist, this is tantamount to a tax increase. The truth is, Republicans are divided between those who want to bring down the budget deficit and those who want to shrink government. Ending a special tax subsidy helps reduce the deficit but doesn't necessarily shrink government. That's why Norquist and his followers have insisted any such tax increase - including even the closing of tax loopholes - be directly linked to a corresponding tax cut. In order to save face on today's vote, Norquist says renegade Republicans will still be considered to have adhered to the pledge if they vote in favor of an amendment offered by Senator Jim DeMint to eliminate the estate tax. Talk about grasping at straws. DeMint's amendment isn't even up for a vote. In short, the no-tax pledge is evaporating in the fresh air of reality. What are anti-tax Republicans to do now?"
Read the Article
A collection of articles defining our times. The pages contain clickable links, don't let the titles fool you, some of the best articles have very non-descript titles and there are usually more articles on the matters in the days and week pages the links land on so it's a sort of treasure hunt through history, Enjoy!
No comments:
Post a Comment