And this guy was Clinton's economic adviser?

Matthew Hoy
By Matthew Hoy on December 2, 2002

Gene Sperling had on op-ed piece in Sunday's Washington Post offering an alternative to the Bush Tax cut that Democrats would probably be well-advised to adopt. Democrats taking any position is a good thing in a democracy.

But I do have to take issue with one of Sperling's statements as either: A) a scare the old-folks tactic, or B) evidence of a basic misunderstanding of our tax system. Sperling is knowledgeable enough so that it's not the latter, so it must be the former.

Before any Democrat -- or moderate Republican -- makes the political calculation to just go along with making every element of the Bush tax cut permanent, he or she should understand how even the most modest tweaking of the tax cut for high earners could make a crucial difference for national savings, homeland security, Social Security and our ability to address the country's most compelling challenges in education, health and poverty. [emphasis added]

Social Security is funded by the payroll tax. The Bush tax cut had no impact on the payroll tax.

Tags

I had a ruptured ectopic pregnancy in the state of Tennessee one month ago. At no time was I refused care and at no time was anyone restricted from saving my life, even though my baby did die. This is misinformation that could prevent women from seeking help. https://twitter.com/whitehouse/status/1617254668488278017

The White House @WhiteHouse

In states where abortion is restricted, doctors live in fear of being thrown in jail for simply doing their job.

Dr. Zahedi-Spung shares her story as we call on Congress to protect reproductive freedom for the people of America.

Load More

Calendar

December 2002
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Archives

Categories

pencil linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram