I’m going to take President Trump and Republicans at their word that what they really want to do is boost the middle and lower classes with their tax reform plan. Not only that, but I’m going to help them get everything they want. All they have to do is tackle tax reform in two phases.
Because corporations are making record profits and already paying an effective tax rate on average of 21 percent (though some pay less or zero), they likely can wait a moment for tax relief and more breaks. Meanwhile, the wealthy in America are doing better than ever, so they might can wait a moment, as well. Besides, we don’t have to look back very far in our history to find that trickle-down economics does not work. So, let’s try trickle-up economics.
Start tax reform with small businesses instead of corporations and with the bottom 90 percent or so of Americans instead of the top 1 percent. President Reagan famously noted that a rising tide lifts all boats as he pitched trickle-down economics in the ’80s. Unfortunately, it lifted all boats in a small pond. Trickle-up economics relies on an oceanic rising tide to lift a whole lot more boats, from the poor boy’s canoe (or kayak in my case) to the greedy man’s yacht. Continue reading
With all of the hullabaloo accompanying the craziness of the Bush v. Gore general election of 2000, people often forget about the two runners-up in the primary season — Sen. John McCain on the Republican side and Sen. Bill Bradley with the Democrats. I longed for these two distinguished, principled men to face off in an election that they vowed— in a written, signed compact, mind you — that would be about the actual issues without special interests dictating the discussions.
I truly believe that those two men could have mostly lived up to their promise of a principled general election campaign — although whether they really could have is a moot point since Howdy Doody and a talking tree got the party nods. I hate that we never got to see that McCain v. Bradley campaign materialize, and politics has gotten uglier ever since. Citizens United threw even more gasoline on that fire.
They had very different views. Bradley’s big issues were universal health care (looks like he was a little ahead of his time on that one) and gun control, while McCain was focused on a strong defense and bucking the political establishment and D.C. power brokers. It would have been interesting — and we would have been much better off with either of them as president.
I don’t agree with many of his political views, but I respect Sen. McCain as a war hero (yes, Mr. Multiple Deferment Trump, McCain is a war hero) and as a principled politician, not a pandering demagogue. More than once during the 2008 campaign against Barack Obama he put his own supporters in their place when they said they were “scared” of Obama or accused him of being Muslim or being born in Kenya.
(By the way, I always wondered why Obama’s parents would have put a birth announcement in the Honolulu newspapers if he were born in Kenya; perhaps they were laying the groundwork for his presidential campaign from day one.) Continue reading