Tax Reform Time

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Dan Shaviro, a tax law professor at NYU, has a useful analysis of the new tax reform proposals coming out of Bush’s Tax Reform Commission. (See Kevin Drum for another summary.) I figured originally it was enough just to sneer at the proposal on account of it: a) being revenue-neutral, thus locking in the present budget deficits, and b) shifting the tax burden from wealth to work. Shaviro suggests it’s not quite as bad as all that, and there are some decent ideas in there, but that these reforms are extremely unlikely to happen—especially the caps on deductions for employer-backed health insurance and interest on mortgages—and the Bush administration will probably just “bury this plan under the heaviest rock they can find.” Fair enough.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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