Politics. Policy. Infrastructure. Transportation. 11231. Miscellania. Critters.
Email: firstandcourt at gmail dot com
Tuesday, February 26, 2013
The Only Non-negotiable Plank In The GOP Platform
Serve the rich at all costs. Jon Chait deserves a cookie for belatedly realizing the game.
Part of the confusion is that Republicans have been saying for months that they really just want to stop tax rates from raising. They're happy — nay, eager — to make the rich pay more taxes by reducing their tax deductions. Certain conservative economists believe this as well. Since Obama is offering to increase revenue in exactly this way, his plan might seem inoffensive to Republicans. Republican economist Martin Feldstein proposed a deduction cap that would raise four times as much revenue as Obama is asking! Ezra Klein can't understand why Republicans won't accept a deal to reduce the tax deductions they've been calling a pollution of the tax code, especially in return for entitlement cuts.
The answer to this piece of the mystery is clear enough: Republicans in Congress never actually wanted to raise revenue by tax reform. The temporary support for tax reform was just a hand-wavy way of deflecting Obama's popular campaign plan to expire the Bush tax cuts for the rich. Conservative economists in academia may care about the distinction between marginal tax rates and effective tax rates. But Republicans in Congress just want rich people to pay less, period. I can state this rule confidently because there is literally not a single example since 1990 of any meaningful bloc of Republicans defying it.