July 2, 2012
Taxes: 'Heresies of the Obvious'
Former Florida Governor Jeb Bush recently came to D.C. and testified before the House Budget Committee, chaired by Paul Ryan. At The Washington Post, Michael Gerson instructs us: Bush has naturally gotten more attention for his departures from Republican orthodoxy. Most are heresies of the obvious. Bush would accept a theoretical deficit reduction package that includes $1 in tax increases for every $10 in spending cuts. So would any responsible public official, no matter what he or she feels compelled to say in a primary debate. Midway through the hearing (at about the 01:05:30 point in the C-SPAN video) Mr. Bush says: "If you could bring to me a majority of people to say that we're going to have $10 of spending cuts for $1 of revenue enhancement, put me in coach." If Congress would actually cut spending by $10 for every $1 of tax hike, then put me in coach, too, heretical though that may be. But such a deficit reduction deal is entirely "theoretical," as Gerson suggests. The 10-to-1...(Read Full Post)