Filed under: Capitalism, Domestic Policy, Economy, National Security, Progressivism | Tags: Campaign Promises, Hoist With Your Own Petard, The Words of Your Mouth
Ira Stoll of the New York Sun proposed new legislation: “The Barack Obama Campaign Promises Implementation Act of 2013.” He posted it as a suggestion for Senator Rubio’s Republican response, but Senator Rubio gave an excellent response for the Republican party, which as you surely have heard by now, was to grab for a water bottle. At least that’s what our brilliant media have told us about the Senator Rubio’s speech.
Ira Stoll’s suggested legislation has a variety of provisions, but they have one thing in common — they have all been endorsed already by President Obama.
The first provision would lower the corporate tax rate to 28% from 35%. “Obama proposes lowering corporate tax rate to 21%,” was the headline the Washington Post put on this story a year ago when Mr. Obama first proposed it.
You know what, Mr. President, it’s a fine idea. Lower corporate tax rates mean businesses have more money left over to hire new employees and pay them more, pay dividends to shareholders, or lower prices for customers. We think the managers of the business can spend that money more wisely than we politicians in Washington can. So let’s move ahead with this proposal. If it were up to us Republicans alone, we’d cut the tax rate even more, but we realize that Mr. Obama was re-elected. He’s the president, and we want to work with him.
There are five provisions in all, all firmly endorsed by the President. If the House actually passed them, what would Harry Reid’s recalcitrant Senate do? And could Obama veto his own policies? Ho, ho haha ha. Brilliant, absolutely brilliant! Do read the whole thing.