An Unfortunate Broken Promise

An Unfortunate Broken Promise

Back inward 2008, when President Obama was running for his kickoff term, he promised to endure a post-partisan leader.  While a Democrat, he said he would convey skillful ideas when they came from Republicans.  At the time, I believed him, at to the lowest degree to some degree.  And I wrote close it inward this NY Times column.

Sadly, I was wrong.  The curt version of the story is this: As a candidate, President Obama campaigned on a platform of raising taxes on the rich.  Yet he too his economical advisers also said they wanted to heighten dividend taxes exclusively slightly, from fifteen to twenty percent.  For reasons I explained inward the Times article, keeping dividend taxes low was a position bolstered past times skillful economics. Now, however, the president wants to heighten dividend taxes to ordinary income revenue enhancement rates (plus, for high-income taxpayers, the novel revenue enhancement of 3.8 per centum that is component of the Obamacare legislation).

To put it some other way, he campaigned equally a moderate, willing to concede that the other political party had some skillful ideas on revenue enhancement policy.  Once in office, he gave upwards on those ideas.

Influenza A virus subtype H5N1 like matter happened amongst Bowles-Simpson.  During his kickoff term, he appointed a bipartisan panel, which concluded nosotros could address our long-term financial occupation amongst lower revenue enhancement rates too a broader revenue enhancement base.  Now, the President goes only about the country lambasting that approach.

Reasonable people tin disagree close whether President Obama is a skillful or bad president.  But the claim that he has tried to laissez passer on partisanship too detect a optic ground is just impossible to square with the facts.
Sumber https://gregmankiw.blogspot.com/
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