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Thursday, August 30, 2007

WSJ: Presidential Tax Politics

Why Tax Debate Sits on Hold; Accord Within Parties Puts Off Big Arguments Until After Primaries, by John Harwood:

The 2008 presidential race is likely to produce a sharp debate over tax policy and its effects on individuals, estates, investments and corporations. But voters may have to wait for the general election to hear it. That is because there is substantial agreement on the biggest policy questions within each party's field of primary candidates. For now, those broad areas of consensus have left intraparty rivals to bicker at the margins.

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Comments

I'm puzzled. First, which Republican candidate has come out with a position for or against ordinary income taxation of carried interest?

Second, assuming someone of any importance in the Republican Party has publicly denounced ordinary income taxation of carried interest, this position would seem to exalt emotion over reason. Sounds more like a Democrat to me.

Posted by: Jake | Aug 30, 2007 7:44:35 PM

Both Romney and Giuliani have gone on record with Bloomberg and elsewhere saying they oppose a tax increase on carried interest. Not sure about the other candidates.

Posted by: Ryan Donmoyer | Aug 31, 2007 6:26:16 AM