I have virtually no time to blog today, but I wanted to note that General Clark’s recently-unveiled tax plan gets it pretty close to right. There’s fine print to parse, of course, but the headline is “Modest tax increases for the very wealthy (over $1 million), modest tax cuts for the people making under $100,000.”
Matthew Yglesias offers some further thoughts at The American Prospect Online.
I would love to see a tax system structured that way. It is an excellent presentation, and an excellent campaign strategy–by far the most compelling domestic proposal from Clark so far. Clark makes it very easy, in a way that Gore never did, for many people to see which plan is in their economic interest. And he makes a straightforward defense of progressive taxation, without dithering in fear of the inevitable charges of “class warfare.”
Here is my caveat, and it’s a big one: can we possibly afford this? Maybe with corporate tax changes and restoration of the estate tax, but without them, I don’t see how. And if Clark makes this the starting point for negotiations he will get much less from Congress.
Free At Last (from tax returns)
Gen. Wesley Clark has announced his “Families First Tax Reform Plan”. Go read it. On first glance, it’s impressive. In fact, it seems too good to be true. Clark’s principles for tax reform are on target: make the tax code simpler, fairer, more progress…
this message is intended to katherine ….
i am enjoying reading your comments, you seem like a very intellectual person, but before i can agree with what you are saying i would like to know a few things..
A- do you support president George Bush?
B- do you support the way in Iraq?
C what nationality are you?
D do you read a newspaper everday, if so which one?
If you do not want to answer these questions them i am sorry for bothering you, just wanted a little background as to where you got your politcal understanding from because i admire it.
ps i meant war not way*