August 3, 2012
Paul Krugman: Neither candidate is offering a realistic tax plan
Running for office, especially president, has become more about the sport of it, more about the person running, and less about the country. Because of this we get fiscally reckless tax policy from both sides of the isle that panders to an ignorant, self-absorbed public. It’s easy to call for tax cuts. It’s weak to call for tax cuts when you know taxes need to be raised. At least on some level President Obama recognizes this with his call to raise taxes on the top 2%. Mitt Romney however, is completely delusional on tax policy. The idea that you can severely cut taxes and make up for it by closing loopholes and growing the economy is ludicrous. It’s what you say to people when you are more concerned with winning a job and less concerned with serving the country.