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LAMBRO: Guided by the dim light of liberalism
Obama demand ‘fairness’ - even if it bankrupts the nation
Question of the Day
But while Mr. Obama is ranting about “fairness” in the tax code, that isn’t the problem facing our country or that most Americans care about right now. What they’re worried sick about is a weak economy that’s barely growing at a snail’s pace and the need for good-paying jobs that are in short supply.
This is the legacy of Obamanomics. He isn’t talking about growing the economy, jobs or incentives that would boost capital investment to escalate new business creation, the wellspring of a prosperous, capitalist country.
No, he wants to distract voters from his failures on the economy by playing the class-warfare card and calling for inserting some theoretical egalitarian fairness into the tax code.
While this hat trick appeals to many Americans, polls suggest that it may not be enough to keep him from becoming a one-term president.
A poll of 1,000 independents in 12 battleground states, released by the centrist Democratic group Third Way, found that 80 percent of independent-minded voters who did not have strongly held views about Mitt Romney or Mr. Obama said they were more likely to vote for a candidate who focused on economic growth and jobs.
That bodes well for Mr. Romney because economic growth, jobs and creating an “opportunity society” remain at the heart of his presidential campaign.
What this economy needs right now is a strong dose of tax reform that lowers the oppressive 35 percent tax rate on corporations, reduces the capital gains tax rate even further to give business investment a booster shot, and lowers marginal income tax rates for the middle class.
That’s what Mr. Obama’s own bipartisan budget-cutting commission proposed in a plan that would have cleansed the tax code of needless exemptions, deductions and loopholes, only to be given the cold shoulder by the White House.
Republican leaders in Congress are pushing the Bowles-Erskine plan, but not the Obama campaign, who think they can win in November by campaigning on “fairness” instead of economic growth and tax reform.
But even the national news media is getting fed up with Mr. Obama’s empty class-warfare rhetoric at a time when the country is crying out for economic policy reforms to get the country moving again.
Dana Milbank, The Washington Post’s fire-breathing liberal columnist, says his patience is wearing thin: “Three years into his presidency, Obama has not introduced a plan for comprehensive tax reform - arguably the most important vehicle for fixing the nation’s finances and boosting long-term economic growth.”
Tax-cut crusader Jack Kemp - and Ronald Reagan, for that matter - couldn’t have said it any better.
Donald Lambro is a syndicated columnist and former chief political correspondent for The Washington Times.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
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