Wednesday, October 22, 2008

McCain's Perversion of Fairness

NYO: Let’s begin with the dishonesty of the McCain rant. What Mr. Obama proposes is to restore the tax rates on the wealthy to the same level as during the Clinton administration – that is, to allow the Bush tax cuts to expire without renewing them for individuals and families reporting more than $250,000 in annual income. There is nothing radical in this idea, let alone socialistic, (especially compared with the bank nationalizations and other violations of capitalist orthodoxy that Mr. McCain has supported recently as emergency measures).
Not only is there nothing radical about repairing the unfairness of those Bush tax cuts, but it is precisely the same position that Mr. McCain argued when they were first enacted. Is his memory so poor that he cannot remember saying that the Bush tax plan was “skewed” to benefit the rich? Having reversed that position for political convenience in the most craven way, he has also invented a different justification for opposing Mr. Bush back then – namely that he thought the cuts were fiscally irresponsible. But that isn’t what he said in 2000 and 2001.