Last night, Barack Obama promised to deliver universal health
care, cut taxes for 95 percent of taxpayers including most small
businesses, and be a net spending cutter even though he has not
specified a major program he would eliminate to offset the several
he would create or expand. When Republicans promise to cut taxes
and balance the budget simultaneously, even when the tax cuts are
growth-oriented reductions in marginal rates with proven dynamic
revenue effects, Democrats always call them on it. Unless I missed,
Bob Dole, I mean, John McCain let this pass by, except maybe when
bringing up some earmark with a trivial price tag. Obama has even
hinted that he might keep some of the Bush tax cuts for the middle
class and withdraw more slowly from Iraq while he is building up
troops in Afghanistan -- where is this money going to come from?
Obama didn't say and McCain sure didn't ask.
topics:
Taxes, John McCain, Barack Obama, Business, Iraq
