Adam Eran: The one thing we don’t want to do is subsidize even more petroleum consumption. If we gave oil producers a special tax break (like the “depletion allowance”), or paid for the military protection for those increasingly important overseas oilfields, gas would be artificially cheaper at the pump, and we would have abandoned the “magic of the marketplace” for crony captalism, where a few favored interests get the lion’s share of public policy benefit.
Adam Eran: As usual, McClintock ignores the actual biggest expansion in history. That occurred after the Clinton administration balanced the federal budget by raising the top rates a mere 3%. Neo-cons like McClintock, and Newt Gingrich gravely prophesied economic doom following these tax hikes, but again, as usual, history contradicts them.
In his latest constituent newsletter, California State Senator Dave Cox confuses coincidence with causation by connecting imprisonment with lower crime rates. He also rejects the notion that California imprisons too many, saying: “California’s incarceration rate [is] very ordinary with at least 20 other states reporting more inmates per 100,000 residents.”