Tuesday, April 10, 2012
As an actual policy proposal, the Buffet tax is a really bad idea. It just adds an additional layer of if/then calculations to a tax code that's already virtually incomprehensible. The value it brings to the campaign though is that it demonstrates in stark terms that the Right doesn't care about deficits and in spite of all the wailing and rending of garments, they never did. The fact that it would only cover a small percentage of the deficit is NOT an argument against it. If I have a chance to save 15% on my mortgage payments by refinancing, I'm not going to turn it down just because I still have to pay the rest. The bottom line is that the entire campaign strategy being presented now, is a direct result of the debt limit battle in August. Having demonstrated that Eric Cantor's agenda has dire real world consequences, Obama's now going to run directly against it.