Krauthammer Deconstructs Democratic Demonization of the latest “Emmanuel Goldstein”
In this Thanksgiving weekend, we acknowledge much for which we are thankful, including this great country. I would add my wonderful family, including my very liberal sisters. And a great number of other things . . .
Today, I feel like I should add Charles Krauthammer to the list of things for which I am most thankful. I had sketched an idea related to the left’s latest, to borrow the expression of a GayPatriot reader, Emmanuel Goldstein, Grover Norquist, a man Democrats are now blaming for the alleged Republican obstructionism in debt reduction negotiations.
You see, Grover has succeeded in securing the signatures of a substantial number of Republicans on a pledge not to raise taxes. And because, Democrats claim, Republicans won’t raise taxes, they can’t make a deal to cut the deficits.
The man to whom I am most grateful today (for making my task much easier) does a wonderful job of deconstructing (to borrow a term near and dear to the hearts of many academic leftists) the latest left-wing talking point:
So why does the myth of the Norquist-controlled anti-tax monolith persist? You might suggest cynicism and perversity. Let me offer a more benign explanation: thickheadedness — the inability to tell the difference between tax revenue and tax rates.
In deficit reduction, all that matters is tax revenue. The holders of our national debt care not a whit what tax rates yield the money to pay them back. They care about the sum.
The Republican proposals raise revenue, despite lowering rates, by opening a gusher of new income for the Treasury in the form of loophole elimination. For example, the Toomey plan eliminates deductions by $300 billion more than the reduction in tax rates “cost.” Result: $300 billion in new revenue. (more…)







