I am happily surprised that the
first major domestic proposal by the Dems is to
rework the AMT.
Which has got me wondering just why in the hell the Democrats ever opposed tax cuts in the first place?
The answer, my friends? Republicans.
Used to be that when Democrats were in charge of at least one branch of government (which was the case pretty much always until 2002) and they proposed something the Republicans didn't like, the Republicans would bat them around the head with the dire economic consequences that would surely follow such massive spending. Believe it or not, this was very effective technique back when people worried about deficits and debt and economic laws and things like that. There was even this one guy who had a trailer with a tote board that he'd haul around to state fairs to show you just how fast the national debt was piling up. Anyway, the Democrats would then be forced to say how they'd pay for their vitally important projects and they'd propose this tax or that which then made them unpopular in certain quarters - namely the quarters not benefiting from the new spending and they'd catch a fair amount of grief.
As difficult as it is to imagine now, because of all this the Republicans had massive street cred on budget discipline. They even managed to ride the economic responsibility wave into power. However, that's when a funny thing happened. They seemed to forget why people voted for them and they began funding every project anyone with a pulse could get in front of them.
While all this was going on, the Democrats were sitting back watching, biding their time, for they knew if they ever returned to power there was no way the Republicans were now going to oppose Democrat projects as being wasteful. And to rub salt in the wound, they decided that while they were at it, they'd give the vast, middle class a bone and get themselves way more mileage with their tax cut than the Republicans got with theirs.
So, where's that leave us? Stop fretting and join the party. Nobody likes a wet blanket. If the original, maverick Republicans were right and all this spending is eventually going to catch up with us, it's going to catch up with us. Won't matter much whether you worried about it or not. Have a drink. On second thought, have two.