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McCain's tax plan has 58% of it's benefits going to 1% of the population....guess which?

Obedience is duly punished.

http://blog.washingtonpost.com/the-trail/2008/03/21/the_new_hyde_park_project.html

The New Hyde Park Project

By Juliet Eilperin
Since Democratic Sens. Hillary Clinton (N.Y.) and Barack Obama (Ill.) are so busy beating up on each other, somebody has to do opposition research on Sen. John McCain (R-Ariz.) nowadays. That would the Center for American Progress Action Fund, which Friday morning unveiled the first installment of its "Hyde Park Project."

The center's president, John Podesta, said his think tank has been working for months to come up with a way to "both defend progressive ideas and also provide an informed critique of where conservatives are going in the wrong direction" during this presidential year. It just happens, he added, that McCain is already the presumptive GOP nominee while Democrats have yet to wrap up their race.

During a breakfast with reporters a quartet of CAP fellows -- Robert Gordon, Peter Harbage, James Kvaal, Jeanne Lambrew -- provided a detailed analysis of McCain's tax and health care proposals. They didn't like them.

McCain's tax plan, Gordon and Kvaal said, would cost more than $2 trillion over the next decade, delivering 58 percent of its benefits to the top 1 percent of taxpayers and just 4 percent to the bottom 60 percent of taxpayers.

"Once you get beyond the headlines, you have a really unappealing plan," Gordon said, adding that there is no way McCain can cut government spending enough to compensate for the cuts' cost to the Treasury. "You have tax breaks for Exxon, for corporations and millionaires."

Lambrew and Harbage questioned whether McCain's health care agenda would increase Americans' access to insurance, arguing it resembles President Bush's approach to providing health instance and would actually undermine individuals' ability to obtain high-quality coverage.

Douglas Holtz-Eakin, McCain's senior policy adviser, said it was unfair to judge McCain's health care plan by Bush's record because McCain is offering a refundable tax credit, which is more progressive. On the question of tax cuts Gordon and Kvaal had a point, he conceded, though he added voters should wait until the senator fleshes out his tax proposal before passing judgment.

"It will make deficits expand up front, no question," Holtz-Eakin said, adding that helping corporations ultimately helps workers because it ensures their employer remains internationally competitive. "That place has to be economically viable, otherwise they have a problem."

Beyond just ribbing McCain, the Hyde Park Project -- which will address national security and climate change in the months to come along with health care and economics -- has an added bonus for Democratic wonks. Noting that Gordon, Harbage and Kvaal and the center's spokeswoman Jennifer Palmieri had all worked on John Edwards' presidential campaigns in either 2004, 2008 or both, Podesta noted in an interview, laughing, "Besides, all these Edwards people need someplace to work."

And while some might wonder whether the progressive think tank is paying homage to Obama by invoking his neighborhood's name, Palmieri assures The Trail this is not the case.

"'Hyde Park Project' is secret code referring to the great progressive traditions of FDR's policies and of speaking out at London's Hyde Park's speakers' corner," she wrote in an e-mail. "We know that Obama is from Hyde Park, but it is not meant to be a reference to him. Plus, I think he plans to move to Lafayette Park."

created by charlatan on Mar 22, 2008 at 10:03:00 am     Comments: 6

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Comments ... #

Guess who pays 80% of the taxes.

posted by Linecrosser on Mar 22, 2008 at 11:16:36 am     #



80% of what taxes?
Capital gains?
Payroll?
Sales?
Property?
Inhalation?
Exhalation?

Otherwise, I'm gonna go with taxpayers on this one. I hate trick/poorly worded questions.

posted by charlatan on Mar 22, 2008 at 11:21:30 am     #



McCain's tax plan, Gordon and Kvaal said, would cost more than $2 trillion over the next decade, delivering 58 percent of its benefits to the top 1 percent of taxpayers and just 4 percent to the bottom 60 percent of taxpayers.

There's your big government and central planning liberals. You got what you asked for, now how are you going to fix it?

"You have tax breaks for Exxon, for corporations and millionaires."

So here is an example of how liberals shovel their own class hatred pandering to the detrement of the people they say they want to help.

Taxes on "Exxon and corporations" are consumption taxes. Technically, taxes on consumption are flat because the rate is the same no matter how much or little you consume. However, because liberals have to index everything they ever see against your income, then their definition of a consumption tax is regressive (just ask any liberal that criticizes the FairTax - they will insist that consumption taxes are regressive). The reason for this is that consumption becomes a higher percentage of income as income decreases.

Bottomline: reducing taxes on Exxon and corporations disproportionately helps the poor.

So here we have a reduction in regressivity - something you would expect a liberal would want - but instead, even though it achieves their stated mission (helping the poor), they find it more valuable as propaganda to fight for the opposite affect. Because their constituents don't really understand economics, they find that fighting for corporate taxation (and against corporate tax breaks) to be a valuable tool to wage class warfare.

Just think - A) it makes them look like they are fighting against the rich so it gets them votes and B) it grows the government. Double play! Who cares if it hurts the poor - helping the poor is just the slogan that DNC marketing came up with.

Things like this are always illuminating. It shows you that the liberal mindset is more about hating one group than it is about helping another.

posted by babbleman on Mar 22, 2008 at 02:22:26 pm     #



I know you're part of the 1% babbs but just chill for a minute. Don't take this personally.

Is this how you really see the world as stoic conservatives with high morals and the lowly backstabbing meanie liberals? What about the rest of us with? We're lonely babbs. Lonely.

Juliet Eilperin hails from the Hoover Institute, the CONSERVATIVE and LIBERTARIAN think tank. They published her first book and she's written more than a few pieces for them.

If you were telegenic, wore more makeup, and had a more confident demeanor, you could be the next (guy who toes the Nietzschean slave morality line). But cooler.

As a non-conservative, non-liberal... I would like to offer a non-partisan hug. :)

posted by charlatan on Mar 22, 2008 at 10:16:09 pm     #



Juliet Eilperin hails from the Hoover Institute, the CONSERVATIVE and LIBERTARIAN think tank.

Maybe I am missing your point - but both of my quotes came from Robert Gordon, a fellow at the Center for American Progress Action Fund whose president says that it is trying to "both defend progressive ideas and also provide an informed critique of where conservatives are going in the wrong direction".

posted by babbleman on Mar 22, 2008 at 10:59:54 pm     #



What is the breakdown of the US population in as far as liberal, conservative, and all the rest of the flavors of the political spectrum then?

Most self-described conservatives seem to love socialized imperialism and welfare for business. Most self-described liberals seem to contradict whatever micropolitique they preach. They're generally defined as delusional and hypocritical by the general pop (which is how I describe myself).

Then you have the rest of the world, who are proggies, libs, unorchists (people that believe all life's decisions should be made via a game of uno), etc.

Books like this tend to avoid such lib/con counterproductive name-calling:
http://www.amazon.com/Free-Lunch-Wealthiest-Themselves-Government/dp/1591841917/ref=sr_1_1?ie=UTF8&s=books&qid=1206251755&sr=1-1

And that "Take the Rich off Welfare" is nice too.

Read them for the facts, anectdotes, and take whatever inherit bias there is with a dram of liquor.

Let's try facts.

The liberal (or conservative) conspiracy theory bullshit is played out.

Show me numbers, show me sworn testimony, show me people not repeating a press release or sales pitch....

posted by charlatan on Mar 23, 2008 at 10:27:25 am     #