Trigger the class warfare filibuster - Many others are blogging on the Clinton-Obama debate right now, but was there anything more telling than Charlie Gibson confronting the Democrats with the fact that cutting capital gains taxes raised more revenue than increasing that tax? Hedge fund managers make a lot of money! says Obama. Let's get back to the Nineties! says Clinton.
Extra - Here's super-Obama-fan Andrew Sullivan: "Obama's convoluted capital gains tax answer was a brutal reminder to folks like me that he is indeed a redistributionist, and someone who seems to see the tax system as a way to decide what people "deserve" to have and keep. Ugh. Of course, Clinton isn't much better, but that Obama answer was dreadful."
More - John Podhoretz: "ABC’s anchorman points out that Bill Clinton signed legislation lowering the capital-gains rate to 20 percent and revenues went up. As he spoke those words, the River Nile briefly changed direction, hell froze over, and the law of gravity was suspended." So we were already back in the 90s! Who knew?
And this - GMTA, apparently. Here's Jonah Goldberg: "I don't cry "class warfare!" very often. But the beginning of Obama's capital gains tax question was amazing stuff. He conceded the premise that revenues go up when you cut capital gains taxes. But he said it would be worthwhile to raise them nonetheless as an issue of "fairness" because some people are making too much money. In other words, even if the government loses money to pay for all of the wonderful things Obama wants to do, it'd be worth it because sticking it to rich people is a good in and of itself."