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March 02, 2004

Too soon

I was hoping no one would call Senator Kerry on his class warfare tax proposals this early in the campaign. His raise-the-taxes-on-the-rich standard liberal class warfare proposals were coupled with rhetoric about cutting the deficit using all the money he gets back from the evil rich.

Kerry, of course, wants more. He says he will reduce the deficit while at the same time starting up a lot of new spending programs that overwhelm any savings from closing all the loopholes that never seem to get closed and banking all money received from soaking the rich more than they are being soaked now. The WaPo looks at all this and comes to the conclusion that his tax and spending plans fall short. In fact Kerry's spending exceeds savings by $165 billion. Kerry's proposals, obviously, will not reduce the deficit.

- posted by Mad Jayhawk and Seven @ 3/02/2004 10:18:00 AM    |

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