Thursday, August 30, 2007
Can Republicans Explain Why Higher Taxes Are Bad?, by James Pethokoukis:
The Republican presidential candidates seem to be assuming that their Democratic rivals are going to push for repeal of all the Bush tax cuts. That's why they are always talking about a potential $2 trillion-plus tax hike when those reductions expire at the end of 2010. More likely, Democrats will call for only the tax cuts on wealthier Americans to be repealed—such as raising the top rate from 35% to 40%—and for keeping most of the middle-class tax cuts, including rate reductions and a higher child tax credit.
So Republicans will have to explain why a tax hike on "the rich" is a bad idea that will hurt average Americans. Making that task more difficult is the fact that many Americans probably associate the 1990s with an economic boom despite—maybe even because of—the Clinton tax hike in 1993. I have yet to hear any GOP contender really address this issue.
Update: Linda Beale (Wayne State) has more here.