AT LEAST THEY KNOW WHO HE NEEDS TO PASS AS:

The Obama Tax Plan (JASON FURMAN and AUSTAN GOOLSBEE, August 14, 2008, Wall Street Journal)

They said President Clinton's 1993 deficit-reduction plan would wreck the economy. Eight years and 23 million new jobs later, the economy proved them wrong. Now they are making the same claims about Sen. Obama's tax plan, which has even lower taxes than prevailed in the 1990s -- including lower taxes on middle-class families, lower taxes for capital gains, and lower taxes for dividends.

Overall, Sen. Obama's middle-class tax cuts are larger than his partial rollbacks for families earning over $250,000, making the proposal as a whole a net tax cut and reducing revenues to less than 18.2% of GDP -- the level of taxes that prevailed under President Reagan.

The claim to be Bill Clinton/Ronald Reagan, though risible, is necessary.

Posted by Orrin Judd at August 14, 2008 3:46 PM