Ted Vaill: The Bush tax cuts decreased the top personal income tax rate from 39.6% to 35%. A hypothetical millionaire who had $1,000,000 in adjusted gross income in each of the past 10 years benefitted by over $200,000. It is time for payback. Do it.
Randy Shaw: while Obama and the Democratic Congress have achieved major gains, there is a entire other range of critical issues — the record military budget, increased troops in Afghanistan, inaction on both comprehensive immigration reform and EFCA, the absence of a major job creation program — where change is missing. This leaves Obama’s “remaking” far less sweeping than Ronald Reagan’s achievement in 1981.