Given the level
of scrutiny dedicated to the minutiae of Rep. Paul Ryan’s plans
for addressing the country’s long-run fiscal problems, you would
think that President Obama had a similar plan or at least a plan of
any kind for making the long-term budget sustainable. With the
failure of the deficit commission, though, you would be wrong — he
still doesn’t.
Instead, his administration
can’t decide whether or not to even announce an intention to do
tax reform (which, alongside spending reform, would be
one half of a deficit plan) at the State of the Union, and his top
tax adviser is relegated to
dropping vague hints and clues about what might the speech
might include.
And yet Obama’s leadership on these issues is far more
consequential than Ryan’s or anyone else’s. Sen. Ron Wyden of
Oregon, a liberal tax reform advocate, has testified to this fact,
as Howard Gleckman
relates:
Unless the president takes the lead, reformers fear their
efforts will go nowhere. “What this has always been about is the
president,” Senator Ron Wyden (D-OR) told me the other day. “We
need to get the presidential bully pulpit.”
And it’s not even a partisan issue.
From Bloomberg:
Representative David Camp, chairman of the tax-writing House
Ways and Means Committee, urged Obama to make tax overhaul a
priority in his State of the Union speech later this month.
“Presidential interest in tax reform can only be helpful,” said
Camp, a Michigan Republican.
These are just things to think about next time it’s suggested
that Paul Ryan or Congressional Republicans are fiscally
irresponsible.
Lullabys, Legends and Lies| 1.12.11 @ 7:01PM
"you would think that President Obama had a similar plan or at least a plan of any kind for making the long-term budget sustainable."
You'd think that, but you'd be wrong!!
The only Tax Reform plan the President believes in, or understands, is to raise taxes. Just look at what Illinois did today, their great plan to save their State is (wait for it,...), is to raise income taxes. Yeah, that should work out well for them!! And our Dear Leader, is a product of that Chicago Machine, so he knows no different!! Grow the Government, destroy the Businesses, destroy the jobs, that's the Democratic Parties answer to deficits, always has been, always will be (not like they really care about deficits either-they don't)!!
Occam's Tool| 1.12.11 @ 9:45PM
Chicago is the most heavily sales taxed city in the country, I believe. It has a high unemployment rate of Nine percent, higher than NYC.
Chicago Democratic Politician. That's really all you need to say about Barry.