Kevin Drum asks when Obama will start engaging in the public persuasion he’ll need to sell the progressive planks in his campaign platform, since he mostly didn’t campaign hard on them. Mostly, Kevin’s analysis (which focuses on cap-and-trade and greenhouse policy generally) is on the money. But this sentence deserves a second look: “The public face of his [Obama’s] economic policy, after all, was almost entirely based on tax cuts, a distinctly conservative notion.”
Obama, as most readers of this blog probably know, ran on repealing the Bush tax cuts for those earning more than $250,000 a year, and using the revenue raised by doing that to give a tax cut to everyone earning less than $200,000. (Between those two income levels, it gets complicated.) Even those who don’t pay federal income taxes would receive a refundable tax credit, otherwise known as a government check–a fact that drove the Right mad.
This is, quite simply, the core of left-liberalism: straight-up redistribution. Whatever else Obama proposes doing–and of course Kevin is right that we need investments, public goods provision, and other things that the tax plan doesn’t captuure–the core of Obama’s platform is to raise taxes on the rich to send checks to the poor and middle-class. This is the opposite of “distinctly conservative.”
Obama did a great job during the campaign of re-framing the Reaganite meme that spending is simply bad and tax cuts simply good–that spending “costs the taxpayers money” while tax cuts “let you keep more of your money.” Repeatedly, especially in the debates, Obama used, and made stick, the language that tax cuts for the wealthy “cost” money that we as a country need for urgent purposes.
But I think Kevin’s been schnookered on the other side, failing to follow through on the logic. If tax cuts for the wealthy count as spending, and wasting, money on the wealthy, then tax cuts for the poor and middle class (and, alas, a big chunk of the wealthy, since $250k a year is hardly “middle class” except in our odd political rhetoric) count as a spending program, and a big one, benefiting the poor and middle class. And it’s to be paid for by raising taxes on the rich.
This is the most progressive program of redistribution that any U.S. politician has run on in years. Obama re-cast the debate so thoroughly that he ended up fooling even his own side. But now that he’s won, let’s unfool ourselves. Obama’s on the side of the angels. Let’s take yes for an answer.
Update: Kevin replies.