Thursday, August 14, 2008

"Guardians of the Broken Status Quo"

Now there's a phrase, turned by WSJ writers Jason Furman and Austan Goolsbee, in their commentary, The Obama Tax Plan. The offer a good outline of Obama's plan and favorably compare it to McCain's plan. During a week when the the swiftboaters returned, it's nice to have a little truth-telling from the nation's financial paper of record. Every Democrat should print and memorize this article. Here are a couple of key quotes:

Even as Barack Obama proposes fiscally responsible tax reform to strengthen our economy and restore the balance that has been lost in recent years, we hear the familiar protests and distortions from the guardians of the broken status quo.

Both candidates for president have proposed tax plans. But they are starkly different in their approaches and their economic impact. Sen. Obama is focused on cutting taxes for middle-class families and small businesses, and investing in key areas like health, innovation and education. He would do this while cutting unnecessary spending, paying for his proposals and bringing down the budget deficit. In contrast, John McCain offers what would essentially be a third Bush term...

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