The Tax-Cut Racket

By PAUL KRUGMAN
NYT

“Nice middle class you got here,” said Mitch McConnell, the Senate minority leader. “It would be a shame if something happened to it.”

O.K., he didn’t actually say that. But he might as well have, because that’s what the current confrontation over taxes amounts to. Mr. McConnell, who was self-righteously denouncing the budget deficit just the other day, now wants to blow that deficit up with big tax cuts for the rich. But he doesn’t have the votes. So he’s trying to get what he wants by pointing a gun at the heads of middle-class families, threatening to force a jump in their taxes unless he gets paid off with hugely expensive tax breaks for the wealthy.

Most discussion of the tax fight focuses either on the economics or on the politics — both of which suggest that Democrats should hang tough, for their own sakes as well as that of the country. But there’s an even bigger issue here — namely, the question of what constitutes acceptable behavior in American political life. Politics ain’t beanbag, but there’s a difference between playing hardball and engaging in outright extortion, which is what Mr. McConnell is now doing. And if he succeeds, it will set a disastrous precedent.

How did we get to this point? The proximate answer lies in the tactics the Bush administration used to push through tax cuts. The deeper answer lies in the radicalization of the Republican Party, its transformation into a movement willing to put the economy and the nation at risk for the sake of partisan victory.

(More here.)
You have read this article with the title The Tax-Cut Racket. You can bookmark this page URL https://ogbcommunity.blogspot.com/2010/09/tax-cut-racket.html. Thanks!

No comment for "The Tax-Cut Racket"

Post a Comment

Labels

1956 Suez War 1973 War 1st Amendment About the Blog Abraham Abu Dhabi Afghanistan agriculture Ahmadinejad Ahmed Mansour airlines Al-Jazeera Al-Qa‘ida Algeria Alzheimer’s AmeriCorps ancient history Anwar Sadat ANZACs appliance rebate April 15 AQAP Arab League Arab newspapers Arab World Arab-Americans Arab-Israeli Issues Arabic language archaeology Asads Ashraf Marwan atrazine Ausrtralia Ayman Nour back pain Bahrain bailouts bank assets to GDP bank capital bank guarantees bank nationalisation Barack Obama being a patient Berbers bethlehem bias billionaires biodiversity Biography birther blahs Blankfein blog action day blogs and blogging books BP brain cancer brain injury brainless bratwurst breast cancer breast cancer Britain Buckley v. Valeo Budget 2009 bully business Cairo camels cancer cancer bonds cancer cause cancer cure cancer detection cancer diagnosis cancer research cancer risk cancer treatment Capital Flows carbon footprint care giving Catholic Church censorship CEO pay Chamber of Commerce chemo brain chemotherapy child abuse China chlorine Christmas Citizens United Citizens United v. Federal Election Commission climate change climate science clinical trials coal coal power coffeehouse gossip college colon cancer colonialism communication Congress Constellation Brands Constitution coping Copts corporations corruption coups credibility Credit Crunch credit default swaps CSAs Cuba cure death debt debt crisis defense issues deficits democratization derivatives DFL diet diglossia Diplomacy distractions doctor appointments doctor questions doctors Don Gordon donating Double Dip Druze Dubai Earth Day earthquakes East Asia and the Middle East economics Egypt ElBaradei elbow elections emotions energy Eurozone Growth Eurozone Spreads exercises extinction fairness Fallujah fat fatigue FDR Federal Reserve film Finance First World War Fiscal Stimulus food football Fox News France fraud Friday Prayer friends funding Gallo Gamal Mubarak Garrison Keillor Gaza GCC Geopolitics George W. Bush Ghajar Global Imbalances global warming Golden Rule Goldman Sachs GOP government debt Greece Greenland Gulf oil spill Gulf states Haiti Hajj Hamas Hariri head injury healing Health health care health care reform health insurance healthcare healthcare reform healthiness healthy eating healthy living Hebron hedge funds Helen Thomas helping herbicides Herding Hizbullah holidays holy places http://www.blogger.com/img/blank.ghttp://www.blogger.com/img/blank.gifif http://www.blogger.com/img/blank.gif humanity humor Husni Mubarak IDF Imazighen income tax incompetence Indian Ocean inflation information technology injections insider trading insolvency insurance intelligence Internet Iran Iraq Iraq war Ireland Islam Islamophobia Israel Israeli newspapers Israeli politics Italy Japan Jerusalem Jim Klobuchar Jordan Judaism Jundallah Koch Industries Kurdish issues Kuwait Kyrgyzstan labor lack of sleep languages learning Lebanon Leukimia levothyroxine Libya life lists Lung cancer Maghreb Maldives Manas Maronites masters of manipulation Mauritania Mecca media medical costs medical errors medical history medical information medication MEI MEI Annual Conference meltdown metastatic cancer Middle East Journal Middle Eastern Christians military affairs Minnesota Minnesota GreenCorps Minnesota taxes monetary policy Morocco mortality Mossad Motivasi Muhammad Naguib Muqtada al-Sadr music music videos Muslim Brotherhood mzerim n Napa Nasser national anthems NATO needles Netanyahu New Deal New York New Zealand news NFL nitrogen pollution no-fly zone Non Sequitur normal nostalgia Nowruz nuclear crisis nuclear weapons Obama obituaries ocean acidification oil Oman Omar Suleiman oncologist optimism organic output gap ovarian cancer overscheduled pain Pakistan Palestine Palestinian Authority palliative Pat Robertson patient rights patriotism Pawlenty Pays d'Oc pesticides pink washing Pinot Noir Plan B planning PLO politics Pope Shenouda III Portfolios Prediction Markets prescriptions press freedom price of risk procedures prostate cancer prostitution protests Public Debt Qadhafi Qatar Quantitative Easing Qur'an radioactive iodine Ras al-Khaimah Ray McGovern Reagan recalls Recession recommendations recurrence remembrance Republican Party research revolutions Richard B. Parker rock bands royalty Rush Limbaugh Saad Zaghloul Saddam Hussein safety sanity Santa Clara County v. Southern Pacific Railroad Satan Saudi Arabia scars Scott Walker Sectarianism settlements Shi‘ism Shin Bet shipping side effects skepticism Skin cancer sleep social justice social networking solar cells solar energy solar power soy Spare Capacity special operations sphagnum moss sports state budget stem cell Stephen Ross Wine Cellars Sterling Streisand Effect stress Stuxnet succession issues Sudan Summits Sunnis Super Bowl support Supreme Court surgery swimming pool Syria Tamazight Target Corp. Target stores tax cuts taxes teaching televangelism television Territorial disputes terrorism testing The ___ Gulf The UK think tanks thyroid cancer Tifinagh time tired Tom Emmer tourism transportation trauma travel Tulocay Winery Tunisia Turkey UAE UK fiscal policy UK Recession unions United Nations universities university US US Administration US Civil War US military US Presidential Election Utah vacation vegetables Veteran Intelligence Professionals for Sanity Veteran's Day video volunteer volunteer work Walid Jumblatt Wall Street water wealth weather Weekend Historical Videos weight loss wellness Western Sahara Wikileaks wine Wisconsin women Woods Hole World War II Yemen YItzhak Rabin young cancer patients Zahi Hawass Zero Bound