Academic

VICTOR DAVIS HANSON: Is Obama?s ?Rich?-bashing getting too close to home? Given that so many of ?

By Glenn Reynolds

VICTOR DAVIS HANSON: Is Obama’s “Rich”-bashing getting too close to home?

Given that so many of the progressive pundits, professors, and professionals that supported Obama make over $200-250K, at some point his arbitrary economic Mason-Dixon line ? dividing the bad 1 percent that pays 40 percent of income taxes from the good 40 percent who pay nothing ? gets too close to home (especially in the New York/D.C. corridor, where a $250,000 gross income ? given income, payroll, and state taxes ? does not give one much of a house or prep school). I would expect some progressive pushback soon (e.g., He can?t mean us, can he?), resulting in something like, Why not put the top bracket at $500,000-1,000,000 and go after ?them??

Easiest thing to do is just extend the Bush tax cuts in toto.

Full post as published by Instapundit.com on September 09, 2010 (boomark / email).