[This post is the result of a short conversation with school CFO Gary Latainer on the short fallings of the Democrat’s ’08 economic platform. If you read something and say to yourself, “Boy, Daniel, I didn’t think you were that smart,” all the credit should rightfully go to Gary.]
Lost in all the hype of HillaryCare 2.0—Senator Clinton’s proposed $110 billion annual socialized healthcare plan—is the equally-neophylic tax plan proposed by fellow presidential hopeful Barack Obama. The first aspect of Senator Obama’s plan is painful predictable: let’s spit in the face of the Laffer Curve, cut taxes for the middle class and elderly, and increase taxes on the rich (they have money to go around, no?). On top of that, as opposed to doing the responsible thing—such as cutting government spending and closing redundant programs and agencies—Senator Obama, according to the New York Times, plans to “raise capital gains taxes on the wealthy [...] and abolish tax breaks that have saved hedge fund and private equity managers billions of dollars.”
Here’s my question to the Senator. Read the rest of this entry »
