The Lost Argument On Tax Policy: "Shared Sacrifice" Edition
Washington is acting as if the only real problem the United States confronts is the budget deficit; the only test of leadership is whether the president is willing to make big cuts in programs that protect the elderly; and the largest threat to our prosperity comes from public employees. [. . .] Consider all of the problems taking a back seat to the deficit in Washington and the media.
[. . .] Lori Montgomery reported in The Post last week that a bipartisan group of senators thinks a sensible deficit reduction package would involve lifting the Social Security retirement age to 69 and reforming taxes, purportedly to raise revenue, in a way that would cut the top income tax rate for the wealthy from 35 percent to 29 percent. [. . .] Only a body dominated by millionaires could define "shared sacrifice" as telling nurses' aides and coal miners they have to work until age 69 while sharply cutting tax rates on wealthy people. I see why conservative Republicans like this. I honestly don't get why Democrats - "the party of the people," I've heard - would come near such an idea.
"Where's Obama?" Dionne asks:
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