Monday, March 9, 2009

Defending Obamanomics?

A couple sentences popped out of a correspondingly ridiculous article in today's Wall Street Journal by Laura D'Andrea Tyson, a member of President Obama's Economic Recovery Advisory Board.
"...the president proposes to limit the deductions ... to 28% [while paying a tax rate of 39.6%]... Some critics claim this is class warfare. But why should a family in a higher tax bracket get a bigger break on expenses than a middle-class family?"
I realize that some of my posts are overly concise. But on this, does anything more need to be said?

1 comment:

  1. The other interesting thing I saw was the immediate disclaimer thrown out, which we all know to be true:

    "The real risk lies in the possibility that the economy's recovery starts later and is much weaker than the economic assumptions in the budget."


Please tell me what you really think.