Tuesday, October 7, 2008

WSJ.com - About That Middle-Class Tax Cut . . .

 
Mr. McCain could do worse than remind the middle class what happened to them the last time a charismatic Democratic candidate promised them a tax cut. While he's at it, he might also remind them how much more expensive it will be to send Barack Obama to the White House at a time when his fellow Democrats will have a majority in both houses of Congress.
 
Back when Mr. Clinton was campaigning for president in 1992, he made a pretty direct pitch: Raise taxes on people making more than $200,000, and use those revenues to fund tax relief for the "forgotten middle class."
 
Mr. Clinton, of course, won that election. And as the inauguration approached, he began backtracking from his promise...
 

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