Obama tax cuts
It’s good to be back. I can report that Mesa, Ariz., is much warmer than Utah.
I can also report that Barack Obama is on the right track with his tax cut plan. At least, he’s half-way on the right track.
Obama’s people keep saying they aren’t sure whether to try to repeal the Bush tax cuts now or to just let them expire at the end of 2010. It’s clear they understand that a tax increase, any tax increase, would be a disaster in this faltering economy, but they have to continue to demonize Bush.
I wish people would examine the facts about the Bush tax cuts. For one thing, they were simply a repeal of the Clinton tax hike of 1993. For another, they ended up helping lower income people, on a percentage basis, more than the rich, as this analysis from the Cato Institute shows.
The Obama tax cuts would help the economy. So why wouldn’t repealing the Bush tax cuts hurt it?


