In The Blogs

The Revolution Lives

THE REVOLUTION LIVES....Conservatives have been mostly at sea over the banking crisis, and I figure one of the reasons is that even modern movement conservatives have been unable to argue with a straight face that the solution to a systemic global credit crisis is the right wing's usual economic cure-all: tax cuts. This isn't entirely true, of course, as we saw a couple of weeks ago when the wingnuts in the Republican Study Committee held up the bailout bill because they thought that eliminating the capital gains tax ought to be a part of the package. Still, that one desultory effort aside, there's just been no way to plausibly pretend that extending the tax cut revolution was a serious answer to preventing financial meltdown.

Until now! Check out my abridged version of John McCain's latest economic plan:

Lower Taxes On....Suspend Tax Rules That....Accelerate The Tax Write-Off For....Reduce Capital Gains Taxes For....Eliminate Taxes On....

There's nothing like that old time gospel, is there? You name a problem, and the answer is tax cuts for the well-off. For more detail and less snark, Robert Gordon and James Kvaal have you covered here.

image
image
Get Mother Jones by Email - Free. Like what you're reading? Get the best of MoJo three times a week.
Comments
no profile pic for comment author

Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservatives?fighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the rich?ad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?

no profile pic for comment author

Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservatives?fighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the rich?ad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?

no profile pic for comment author

Heard on NPR that McSame's economic plan, er I mean the taxcut plan, was delayed because of differences within the campaign. I suppose one faction wanted a real economic plan that talked about jobs and such, but the majority won out and pushed the taxcut plan through disguised as an economic plan.

no profile pic for comment author

No Gas Tax Holiday?

no profile pic for comment author

More snark, not less please !

"...A little patience, and we shall see the reign of witches pass over, their spells dissolve, and the people, recovering their true sight, restore their government to it's true principles. It is true that in the mean time we are suffering deeply in spirit, and incurring the horrors of a war & long oppressions of enormous public debt...." - Thomas Jefferson

no profile pic for comment author

Silly man. Everyone knows that the real answer to the problem is more drilling. Offshore drilling would let us break even. ANWR would put us in the black.

After that, with tax cuts, everyone gets a pony.

no profile pic for comment author

Remember President Bush partially NATIONALIZED the banking system and the major Wall Street brokers.

It just goes to show that old Vulcan proverb:

Only Nixon could go to China

no profile pic for comment author

Oh wow, more deregulation for corporations, and tax cuts too for corporations - but only the ones that contribute to the GOP, I'm sure.

It's like how happy little Bushie was when he realized that Hurricane Katrina gave him, yet again, another reason to loot the taxpayers money in a free for all to his favor campaign contributors. Oh, and New Orleans pretty much got nothing but a big mess out of Bushies generosity that was never intended for them.

no profile pic for comment author

Do you have any links on some discussion about Obama's new proposals, specifically the $3,000 tax credit for job creation? I'm honestly not sure what the thinking behind it is. I'm legitimate curious if this is a serious proposal that was based on the advice of the economists on his campaign or if this was more of a political ploy. I don't mean that as a slam, but I don't know how to sort through the thinking behind it.

no profile pic for comment author

Giuliani 9/11, 9/11, 9/11
McCain tax cut, surge, tax cut, surge

At least we are getting more variety.

no profile pic for comment author

Since cutting taxes for the wealthy and corporations seems to be the ultimate solution for conservatives—fighting a war? Cut taxes on the rich. Need to rebuild infrastructure? Cut taxes on the rich—ad nauseum, why don't we just reduce all taxes on corporations and the wealthy to zero, solve all our problems at once, and bask in the resulting conservative paradise?

no profile pic for comment author

GOP Governing principal #4:
If it can't be solved with a tax cut, then it's a problem not worth solving.

no profile pic for comment author

Actually, bail-outs and gifts are negative tax cuts.

no profile pic for comment author

Now, let's be fair. There is nothing really wrong with tax cuts...as long as there are spending cuts to go with them.

That whole spending cut part of the equation always seems to get lost.

We can't ever solve any fiscal problems in this country because spending cuts always gore somebody's sacred bull or campaign contributor.

no profile pic for comment author

America's creditors will insist taxes be raised and spending cut. There is no other way to pay off America's debts, since America can no longer make more than it spends.

no profile pic for comment author

Tax Cuts - Apply directly to the wealthy.

Tax Cuts - Apply directly to the wealthy.

Tax Cuts - Apply directly to the wealthy.

no profile pic for comment author

Hey John, will a tax cut shrink swollen hemorrhoids or whatever it is that prevents clear thinking for your campaign?

People with no incomes pay no taxes and can't be seduced by the promise of a tax-cut.

People with no incomes cannot benefit from a health care insurance tax-break.

Read my lipstick: No new tax-breaks.

Meanwhile the poor are disenfranchised by the regulations at their local election boards.

no profile pic for comment author

Oh yeah!

1) The best way to reduce government monetary debt is via inflation. We are coming to that point. Watch out! Look to history.

2) The Conservatives are at sea because everything that is happening is contrarary to their understanding and beliefs. There's nothing they can grasp on to. Reality contradicts their precepts. Capitalism was king. How could the king die? How could they possibly invest in banks??!!

But they cannot admit reality. Or engage prasmatically.

*******

The last 7 years have been hell. They've robbed the poor and middle-class. And we don't need change? Does anyone have to give these criminals any slack?

no profile pic for comment author

Reducing the capital gains tax makes it more profitable to invest in the stock market. To the extent that falling stock prices are a problem in and of themselves, it's a reasonable proposal. Corporate boards do seem to pay a lot of attention to the stock price, and may be more likely to authorize lay-offs, etc., is the stock is down (as opposed to profits being down while the stock price stays up). Cutting the capital gains tax may well not be the best measure, but it's hardly irrelevant to the problems at hand.

no profile pic for comment author

Everything is very open and

Everything is very open and very clear explanation of issues.

no profile pic for comment author

You might be tempted to say

You might be tempted to say that people purchase Rolex replicas in order to show off and pretend to be something they are not but this is not true. The only problem here appears when people are tricked by some replica manufacturers into believing that they are in fact purchasing the real thing.
fashion Tiffany Necklaces
fashion Tiffany Pendants
fashion Tiffany Sets
fashion Tiffany 1837
fashion Tiffany Heart
fashion Tiffany Accessories
fashion Louis Vuitton

no profile pic for comment author

replica watches

replica watches Discount Watches, Fashion Watches, Wristwatch, Fake Watch, Wholesale Watches, Jewelry Watches, Replica Jewelry Watches. Replica Longines Cartier Watches Replica Replica Porsche Design Watch Watches Girard Perregaux Fake Watches endeavor Emporio Armani Replica Watches to Invicta Watches Fake Watch Michele Mens Watches not only accrual watches technics but also research Chopard Replica Watches and development Technomarine Replica Watches in Swiss Watches Replica new Replica Seiko area. A Lange & Sohne Fake Watches Fake Raymond Weil Watches Besides, Louis Vuitton Replica Watches Rado Wristwatch Fake Longines Watches pay special attention replica watches to classical Replica Gucci lofty Baume & Mercier Watch Oris Ladies Watches Tissot Replica Watches design. Replica Replica Mont Blanc Watch Longines Replica Zenith Fake Maurice Lacroix Watches Fake Jaeger LeCoultre Watch with high Hublot Replica Watches accuracy Audemars Piguet Replica going forward and Parmigiani Watch Replica go side TAG Heuer Fake Watches by side with high-tech era. IWC Watches Patek Philippe Watches Replica Today, Fake Ulysse Nardin wear a Fake Franck Muller Watches greatest replica watches Roger Dubuis Mens Watches Richard Mille Watches Longines Replica watches Blancpain Replica Watch represent one s taste Longines Fake Watch and status. The Breguet Replica Watches cheaper Bedat & CO Watches Replica and best Fake Longines Vacheron Constantin Fake Watch Replica Piaget Watch Watch here Panerai Wristwatch Breitling Replica is one Rolex Replica of hot wrist Swiss Army Wristwatch watch in Glashutte Fake Watches lowest Omega Replica Watches Ebel Mens Watches price.

Post a comment
Alternately, you may login to or register an account
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <ul> <ol> <li> <blockquote> <img>
  • Lines and paragraphs break automatically.

More information about formatting options


Jail.org - Inmate Search
Criminal records, instant public records & people search & current court records. www.jail.org

U.S. Public Records Search
Search County & State Court Records, Criminal records, Vital and Adoption Records www.PublicRecordsInfo.com

Records.com - People Search
Public Records and Background Checks. Instantly Search Criminal Records, Addresses and Court Records www.Records.com

Court Records & County Records
Find Instant Public Records, Criminal Records as Well as County Property Records Search. www.PublicRecordsIndex.com

Mother Jones Podcast
Get in on the conversation! We talk about culture, politics, the environment, the economy and more. Listen now!

TalkBackTees.com
A treasure trove of liberal wit, wisdom and quotations, from ancient to modern, on colorful, cotton tees.

Support Independent Artists
Amazing art, crafts, apparel, paper-goods and more. A carefully curated selection of sundries since 1999.

FREE CONNECTIONS FOR GREEN SINGLES
Meet progressive singles in the environmental, vegetarian & animal rights community who share your values