Dick Morris hails what he calls “an unparalleled act of political brilliance,” President Bush’s tax cut “compromise.”
Morris notes that ordinarily, one problem with passing landmark legislation is that you lose it as an issue. Here, because the tax cuts enacted this year are slated to expire in 2006, “Bush can send refund checks of $400 for each child to 25 million households this summer, slash the tax on dividends and capital gains to 15 percent and reduce tax rates on all three brackets – all effective immediately – and still be able to base his re-election campaign on the need to preserve his tax cuts.”
Morris’ theory is that, while the constituency for cutting taxes is a thin majority at best, the constituency for raising taxes is close to non-existent. His view is that in 2004, “every Democratic candidate will have to answer the question: ‘Will you support extending the Bush tax cut?'” The problem is that: “A ‘no’ will be required to win enough primary votes to get the nomination. But a ‘yes’ will be necessary to prevail in the general election. Bush has put the Democrats in an impossible position.”
Let’s hope he’s right. Via Real Clear Politics.
- Subscribe now!... Get rid of ADs!Support Power Line...VIP MembershipPresentsPower Line
Most Read on Power Line
- Treason of the Professors [Updated]
- Has Hillary Clinton created a national security disaster?
- Washington Post offers glimpses of Hillary's legal jeopardy
- How much smokier can a gun get?
- Hillary's Email Scandal? Rush Limbaugh Made Her Do It! [Updated]
- Hillary Staffer to Plead the Fifth on Email Server
Subscribe to Power Line by Email
Find us on Facebook
“Arise and take our stand for freedom as in the olden time.” Winston Churchill
“Proclaim Liberty throughout All the land unto All the Inhabitants Thereof.” Inscription on the Liberty Bell