Great op-eds over the weekend by Patrick McIlheran and this morning in the Wall Street Journal on Obama's tax plan. Obama's tax cut consists of mostly refundable tax credits. These will reduce some folk's taxes (particularly if they are paying college tuition or have a mortgage) but much of it will go to people who do not pay taxes. As Pat points out, this will increase the currenty dynamic in which large parts of the population pay no federal income tax. Although the way to resolve this may be to increase income in the bottom percentiles, doing so through what amount to welfare payments creates an unhealthy political dynamic. As the Wall Street Journal notes, Obama's redefinition of checks from the government as tax cuts allows him to avoid acknowledging the way in which his plan increases the size of the government and contributes to disincentives to work as they are phased out. Under the Obama plan, couples making as little as $ 120,000 could face marginal tax rates as high as 45%.
Over at National Review Online, Joseph Antos has a good piece on Obama's health care plan and its potential, over time, to shift everyone into a government plan.
The theme here is that Obama's policies are cloaked moves to the hard left. If, however, this was the change we need, why not be more forthcoming about it.
This is why I think Ayers and Wright are, if handled properly, fair game. It's not that Obama shares all their views. It's that he is far enough to the left to see their views as within the pale of responsible discourse.