Ross Douthat Gets It — Or At Least Most of It.
Ross Douthat of the New York Times, unlike many conservative columnists, honestly engages and gives credit to those he disagrees with. Today he proposes some tax/budget policies that liberals will find agreeable.
In case after case, Washington’s web of subsidies and tax breaks effectively takes money from the middle class and hands it out to speculators and have-mores. We subsidize drug companies, oil companies, agribusinesses disguised as “family farms” and “clean energy” firms that aren’t energy-efficient at all. We give tax breaks to immensely profitable corporations that don’t need the money and boondoggles that wouldn’t exist without government favoritism.
Right on! This should be something that deficit hawks and government spending supporters can support.
Unfortunately, he also has to slam progressive taxation:
The left-wing instinct, when faced with high-rolling irresponsibility, is usually to call for tax increases on the rich. But the problem, here and elsewhere, isn’t exactly that we tax high rollers’ incomes too lightly.
Progressive taxation is an important part of a fairer society. It also isn’t mutually exclusive with the reforms Douthat is proposing. Our tax code should be more progressive but also the government should not dole out welfare to corporations and the wealthy. Let these beneficiaries of the free market sink or swim in the market’s waters.Click here for reuse options!
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