BO hearts RR

June 18, 2008

You may remember this little thing that turned into a big deal early on the campaign:

I still don’t know what all the hubbub (love that word) was about. Now, BO is a lot more discrete in his praise for Reagan. Here he is, in this WSJ interview, talking about corporate tax rates:

The biggest problem with our tax code when it comes to the business side is that we have one of the highest tax rates — corporate tax rates — on paper but our effective tax rate is one of the lowest … You know, how much you pay in taxes as a corporation a lot of times is going to depend on how good your lobbyist is, as opposed to any sound economic theories. So those distorting effects I’d like to actually remove and eliminate from our tax system, but obviously that’s a complicated and difficult task. The last time we did it was in 1986. We’re going to have to, I think, revisit that.

(emphasis added)

Geez. A lower rate, broader based tax code (simplified by eliminating tax loopholes) is a very Reaganesque idea. And revisiting it would be a good thing. But don’t you dare say the name Reagan in front of the true believers.

If he talked more like this in his speeches, I wouldn’t be so worried.


3 Responses to “BO hearts RR”

  1. superdave524 Says:

    Hey, a good idea is a good idea. The brief political analysis seems about right. Odd to think that Nixon was more liberal than Clinton (or, if you’d rather: Clinton more conservative than Nixon), but different times demand different solutions. Any time we can get past demogoguery, and address substantive solutions, well, that’s a good thing.

  2. colio2007 Says:

    very encouraging.

  3. John in IL Says:

    It would be except it is exactly what John McCain is proposing:

    I will lead across the board reforms in the federal tax code, removing myriad corporate tax loopholes that are costly,unfair, and inconsistent with a free-market economy.

    So they agree on the policy but BO doesn’t let that get in the way of him saying this (again from the WSJ interview):

    If I saw strong evidence that an additional $300 billion in tax cuts that John has proposed — without a clear way of paying for it — would actually boost economic growth and productivity, I’d be happy to take a look at that evidence. But I haven’t seen that. It’s all conjecture.


    And BO must be ignoring this evidence.

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