Tuesday, October 14, 2003

Sympathy for Lieberman

Lieberman Proposes Tax Hike for Wealthy

He doesn't just want to repeal the Bush tax cut, he wants to effectively raises tax rates on the rich to levels higher than they were during the Clinton years. This maybe not the best move politically, but it is excellent policy. Not only would Lieberman's plan raise taxes on the rich, it would also cut them for the poor and middle class, signifcantly increasing the progressivty of the income tax. I'm rather suprised that it was Lieberman who took up the soak the rich banner after Graham bowed out, but I guess stranger things have happened.

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