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Amitai Etzioni

Amitai Etzioni

Posted: December 21, 2010 11:07 AM

Tax Reform: A New Hope for Obama

What's Your Reaction:

President Obama has found a new way to deal with the difficult political situation he is facing as a result of the midterm elections. He recently unveiled a major policy move that cannot be easily boxed in as left or right, and hence serves his tendency to seek common ground. However, unlike previous moves, it does not seek to do so by splitting the difference or compromising. When this was done, as is all too clear in the case of the tax bill, the GOP got all they wanted and the Democrats got rather little. (A two-year extension of all the Bush tax cuts costing $544 billion over the next two years, and - for the richest of the rich--a very low tax on estates --in "exchange" mainly for a 13-month long extension of unemployment benefits, of an estimated value of $56 billion). This time, President Obama is calling for a major tax reform that would greatly simplify the code, close many loopholes, and thus allow reducing the rate without increasing the deficit.

This proposal, on the face of it, has appeal to both sides. The GOP cannot reject out of hand a proposal that promises to lower tax rates. The Democrats, the progressives included, cannot reject out of hand a proposal that entails reducing deductions that serve only those better off (the poor do not pay income taxes, and most of those with modest incomes do not file itemized returns and hence do not benefit from most deductions). Indeed, the progressives can hope that the reform will lead to taxing income from investment at the same rate as that of labor. That is to say: rather than facing gridlock, this proposal has a fair chance to move forward, as both sides vie over how to shape it, rather than to block it.

Moreover, unlike the Dick Morris triangulation strategy, which entails doing a lot of minor things to give the impression of a productive, successful presidency, the tax reform proposal has the magnitude and imagination that could translate into a truly important reform, of both substantive and political appeal. The current tax code is so riddled with concessions to special interests, and is so complex, that it should be relatively easy to show to the electorate the merit of reforming the code and the scope and import of proceeding.

The promise of the tax reform proposals makes one wonder whether there are other major policy initiatives the president can take that have similar qualities. There are no easy answers. I predict that ending the war in Afghanistan may develop in this direction. Currently, the GOP is supporting the engagement while progressives increasingly recognize the desperate, flailing, Vietnam-like quality of the war. However, as the Tea Party's elected officials are seated, looking for places to reduce outlays, and the futility of the continued engagement in Afghanistan becomes even more evident over the next year, the substantive and political merits of disengaging might come into focus.

Other such truly common-ground policies might be found in reducing the deficit, as long as such efforts wait until the economy's growth rate is higher and unemployment falls at least below 7 percent (and is heading still lower). I would add to the list protecting the social safety nets, especially Social Security and Medicare, although I realize that some centrist Democrats hold that the best way the president can show his willingness to do big things is to lead the way in cutting these entitlements. (The GOP has made clear that it does not have the stomach to attack these, unless the president gives them cover.)

Anyhow, just as many good progressive people were losing hope that President Obama would ever find his footing, he seems to have launched a new approach, one that--given the political landscape he must negotiate -- may serve the country and him well. The smaller print--which major policies might fit into this design beyond the tax reform proposals--remains to be seen.

Amitai Etzioni is University Professor at The George Washington University, where he is the director of the Institute for Communitarian Policy Studies. For more discussion, visit icps.gwu.edu.

 
 
 
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HUFFPOST SUPER USER
lmunoz
08:45 AM on 12/22/2010
While its clear that tax loopholes have to be closed one would have to see what projections in earned revenue they would bring before even considering lowering the tax rate itself.
I think the author makes the mistake of assuming that republicans are going to be ok with a reasonable offering by Obama.
If he wants to do tax reform great, just dont start the giveaways before talks begin, but we have been down this road before havent'we...
This strategy is just so stupid, as by "signalling" "good will" the republicans will magically come to their senses...he justifies their fake outrage and and childish tantrums.
Sometimes it seems that the president thinks this is some romantic comedy in which the protagonist should just keep on wishing hard enough and be patient until the girl comes around. But politics is not romance, it is chess and in chess you dont give anything away for free.
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HUFFPOST SUPER USER
NebDem78
Basai Master
11:12 PM on 12/21/2010
The progressive sticker is a ruse, don't wear it. I'm not aware that it actually can be applied. The intention may be to make progress, but where was the progress in the last tax deal?

"(A two-year extension of all the Bush tax cuts costing $544 billion over the next two years, and - for the richest of the rich--a very low tax on estates --in "exchange" mainly for a 13-month long extension of unemployment benefits, of an estimated value of $56 billion)."

Looks like the only progress being made as of lately is to create a 'patrician order.' Liberals will make the argument that an estate tax is necessary, but are they really liberal on that issue? What sense does it make to separate a class (those in which an estate tax is applied against) and then barter that with unemployment benefits for another class of people. Is this compromise? Is this progress? It seems to me like retro-activity.

I have no problem with unemployment extension, and I really don't see the need for an estate tax any more, just get rid of it! Thomas Jefferson did the heavy swinging against aristocracy. Why foist up even the idea of another? Class-warfare only creates casualties.

President Obama is doing what he can, he must remain neutral to exhibit fairness in representing all of the American citizens. But where were the Democrats on that last tax bill? Warring class again?
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HUFFPOST SUPER USER
rafaelbolero
05:30 AM on 12/22/2010
Go to the website Russia Today, which is actually a good news source a bit from the left, and watch the interview with Christopher Hedges, on the Death of the Liberal CLass. It addresses many of your points. His conclusion is that the class warfare is over, and it is clear who won.
HUFFPOST SUPER USER
rtx47
08:00 PM on 12/21/2010
Progressiv­e movement has been taken-over by those who think they are owed something by govt in general and President Obama in particular. Being progressiv­e is to look at problems in a new perspectiv­e and come-up with alternativ­e solutions - not government is solution to problems. WH has done its share of double-spe­ak.

Examples: progressiv­es have been vocal about healthcare reform­; but done little to continue the progress. Yet there are solutions to be implemente­d in states, towns and communitie­s. Like, working on savings, that are already seen from healthcare reform, are passed on to employers and/or consumers, either / both of which will boost the economy.

The same can be said about unemployme­nt, poor education, etc.

Yet we have to look ahead with hope! Seeing how bills have been passed recently, the "divided government ­" of last few days may portend to something worthwhile ­.

President Obama and Republican House majority may just work out deals where both sides get part of what they want; and country moves forward with half-a-loa­f rather than none. Both sides have to govern and show the public they've earned their pay.

Progressives­ cannot beat up those who are in our corner. We have to work on those against our view-points.

Republican­s and Tea Party have to be given credit for being against bank bail-out and ballooning fiscal deficits. Let's hope progressives ­and economists will get on board with same goals, and be realistic about achieving what is feasible.
06:23 AM on 12/22/2010
Republicans aren't against deficits, they spend money like crazy when they are in control on their tax breaks for the rich, wars of choice, and subsidies and privatization schemes to make their contributors rich. They orchestrated the original TARP bailout. When they aren't in power they rail about the deficits they helped create as a pretext for eroding New Deal safety net spending and any other progressive change they don't want.

As far as progressives beating up 'those in our corner', nothing I've seen from this president has shown me he is on the side of average Americans, he has a long list of 'achievements' that don't address the critical issues facing this country, and on those critical issues it is clear to all those paying attention that he is more concerned with preserving the corrupt corporate power structure than real beneficial change. The days of voting for the best of two evils are over for me, if someone campaigns on a platform of progressive change they had better try like hell to make it happen
anfractuous
Like you care.
06:44 PM on 12/21/2010
I can see the lobbyists just salivating at the prospect of writing a new tax law. By the time they're finished "helping" the Democrats and Republicans with the fine points, we'll be left with plantation economy.

I no longer trust Obama, while it still perplexes me how someone of his background and rhetoric could have turned out to be such a worshiper of the moneyed and powerful. Given his feckless performance, I think his 2012 slogan should be "Obama. This time I mean it!"
07:20 PM on 12/21/2010
Boy that's a great choice of a slogan for 2012
08:06 PM on 12/21/2010
What exactly is his background again?

Since nobody knows anything about him I find this comment kind of odd.
06:29 PM on 12/21/2010
I sincerely doubt that with the current state of politics in the White House and Congress that there is the possibility of any kind of meaningful reform that was not written by banking lobbyists.
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DatelessNerd
Have your Blue Dogs spayed or neutered.
06:23 PM on 12/21/2010
When President Obama actually does something about the skewed distribution of wealth in America and addresses the undue influence of corporations that is destroying this country, then my trust in him will be restored. Until then, he's just another part of the problem.
HUFFPOST PUNDIT
JimR
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Downix
05:49 PM on 12/21/2010
I've been working on a new tax structure system for awhile with an eye to boosting domestic investment, and while not eliminating loopholes entirely, engineering them for maximum benefit to the country as a hole. Where do I send my proposal?
05:05 PM on 12/21/2010
Call me Carnac, but I feel a regressive flat tax reform is in our future.
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04:53 PM on 12/21/2010
Too complex?

Use tax-preparation software.
04:43 PM on 12/21/2010
"However, as the Tea Party's elected officials are seated, looking for places to reduce outlays, and the futility of the continued engagement in Afghanistan becomes even more evident over the next year, the substantive and political merits of disengaging might come into focus."

Wrong. Really wrong. What will happen is that the teabaggers and the Republicans will want to keep waging the wars they never fight in but profit from at the expense of social programs. Look for both Parties to go after Social Security (do I hear privatization, anyone?), Medicare, unemployment funds--anything to keep from taxing the rich and, at the same time, to keep the war machine satisfied.
And what will Obama and the rest of the Phraidicrats do about it? They'll roll over and play dead, of course. You doubt that and you haven't been paying attention to what's been happening over the last four years of . . . Republican control of the Executive, Legislative and Judicial branches.
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Kevin Krooss
04:39 PM on 12/21/2010
Oh great. Another opportunity for Obama to appease the wealthy st the expense of ordinary Americans.

When it's just as easy to make your first million dollars as it is to make your hundred and first, then we'll finally, for the first time in history, have a level playing field. Until then the class warfare of the wealthy and powerful, against everyone who isn't, wages on. The only shocking thing is how many little people at fighting against their own self interests in the name of patriotic capitalism.

Watch George Carlin's "The American Dream" on YouTube.

tinyurl.com/2bs4jlz
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HUFFPOST SUPER USER
Vegan Girl
Compassion for all
05:12 PM on 12/21/2010
http://www.youtube.com/watch?v=acLW1vFO-2Q

:)
07:53 AM on 12/22/2010
I watched it. He's right on.
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WILLIEMOJORISIN
USN 1978-1984 God willin and the crick don't rise.
04:37 PM on 12/21/2010
Anyone who thinks any politician cares about you or me is sorely mistaken
05:53 PM on 12/21/2010
After reading through most of your comments, I see your cynicism towards politics, politicians and people in general. I wonder why you come to the Huff Post. Most people who come here want to read the articles and give their points of view on them....agree or disagree. Not just snarky remarks.
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HUFFPOST SUPER USER
jinjinpinti
"I used to be disgusted, now I'm just amused."
02:43 AM on 12/22/2010
Self appointed thread monitors are also snarky.
Genders
Love, Tolerance, Enlightenment
04:35 PM on 12/21/2010
This is a terrible time to overhaul the tax code. The overhaul we need is to raise top income tax rates to 70%+ like we always do in war and depression.
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HUFFPOST SUPER USER
ashleypell
You don't need a PhD
04:57 PM on 12/21/2010
The disparity in income and wealth between the rich and the rest of us started widening in the ‘60s when the marginal tax rates began to come down for the wealthiest. It is past time to shift rates in the other direction.
04:31 PM on 12/21/2010
Dead-Enders-An appropriate name for cynical psudeo progressives who comment bitterly and almost daily the Obama has not sufficiently advanced the progressive cause. The decline of the American standard of living and the economy has been ongoing for 30 years, starting with deregulation of everything in sight, the evisceration of maunfacturing,the selling of the false idea that a service based economy could sustain an acceptable standard of living, the wild unchecked growth of financial services, the off-shoring of jobs requiring US labor to compete with third world laborers, a political election system completely corrupted by corporate money. Look you dead-enders offer some solutions that start with yourselves taking some action. After all Congress responds to people in the streets and to money. Get in the streets. Stop complaining about a first-term President who has already advanced the progressive cause more than any President since Lyndon Johnson.
04:44 PM on 12/21/2010
And he has done so, how? I'm curious, 'cause I'm not seeing all that advancement of the progressive cause. Please help me understand. (And don't even talk to me about taking it to the streets. Been there, done that.)
08:40 PM on 12/21/2010
You ask what has Obama done to advance the progressive cause. In two years, he has saved capitalism from itself, prevented another "Great Depression", saved what is left of the American auto industry, established a program of national health insurance (30 million uninsured will soon get healthcare), stopped the hemorraging of jobs-750,00 per month when he took office). stanched the decline of the economy, produced a tur-around such that you actually have positive economic activity-You would see more if corporation weren't siting on Trillions of dollars of profit to assist the Republicans in trying to prevent any Obama successes, passed the Equal Pay For Women Act,is winding doen the two Bush wars, with troops withdrawing from Iraq daily, ended DADT, Successful START Treaty, restored multilaterism in global affairs, restored American prestige in the world, established a Consumer Protection Agency, with a progressive making the rules,funded adequate Veteran Benefit for those who served in the two Bush Wars, closed off-shore tax havens, negotiated with Swiss banks to get records fo US wealthy tax evaders, and a few thousand other things.

But what the heck-he hasn't cured cancer yet, nor eliminated all of the consequences of Republican rule. Wow. What a sell-out. The Tooth fairy would have done a lot more by now. though.
04:47 PM on 12/21/2010
And LBJ was forced into retirement by a futile war that he refused to recognize as unwinnable. Remind you of a current president and a current war?
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HUFFPOST SUPER USER
Marianne TB
07:13 PM on 12/21/2010
indeed. f n f