Bush’s Tax Victory

by Patrick Appel

Ezra Klein acknowledges it: 

For all that Democrats talk about returning to the Clinton-era tax rates, they only ever mean for the top two percent of taxpayers — the folks who are now in the 35% bracket, but whom they would like to see in a 39.6% bracket. The reality is that, on tax policy, Democrats are now closer to Bush than to Clinton. But neither side much likes to admit that. For Democrats, it means confessing to how far right they've moved on taxes. And for Republicans, it means admitting how far right Democrats have moved on taxes.