Jon Taplin: America's Tax Dishonesty (Level of cowardice in D.C. "mind-boggling")

[villager]

America’s Tax Dishonesty

Since the beginning of the Reagan era this country has engaged in a deceitful dialog about taxes. It’s getting worse not better. Yesterday the House announced a planned surtax on incomes over $500,000 to pay for the Health Care Plan. This is just dumb. Why can’t they just raise the top rate back to where it was in 1984? Look at where it was in the 1950’s thought of as the golden age of American prosperity.(Chart above)

On Energy, we have the same problem. We are going to try to institute a very complex Cap and Trade system that will be gamed by companies like Enron did, all because we don’t have the political courage to impose an energy tax at the source.

Why can’t the Democrats realize that Grover Norquist and The Club for Growth are political eunuchs? The American people would rather have simple straight-forward solutions to these problems.

The level of political cowardice in Washington today is mind-boggling.


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http://jontaplin.com/2009/07/15/americas-tax-dishonesty/

[Joe Chi Minh]

1. It's almost too reasonable to take in these days. Reason is the great "no-no",

where it affects the short-term wealth (wealth in the narrowest sense) of the "Have Yachts" and their political minions.

[villager]

2. "Have Yachts" is a great line!

n/t

[LWolf]

3. Mindboggling it is. nt

[bemildred]

4. But it's working so well, why would we want to question it?

:sarcasm:

[Joanne98]

5. I love charts.

[bulloney]

6. The chart clearly shows that when the top tax rate drops below 40% recession or depression follows.

But, there are some millionaire wannabes bitching about that top tax rate from their dilapidated homes.

[bemildred]

7. And that high tax rates are good for the economy.

Keeps that money in circulation in the real economy. Doesn't let it pile up in ugly, unproductive lumps that sit around and lead to speculation and political corruption.

[natrat]

8. wtf? does the author not get that most democrats are totally corrupt errand boys

[FiveGoodMen]

9. Wish I could've recommended this a hundred times.

So obvious.

No one gets it.