by Dr. Roy Cordato
Senior Economist, Emeritas
Obama says his goal is to make sure that “millionaires and billionaires” pay the same rate as the middle class. Has anyone noted that he could do that by becoming a supply sider and call for the elimination of all tax preferences and an across-the-board flat rate? In fact it appears that Herman Cain’s 9-9-9 plan would do just that. Hmmm, I wonder why Obama isn’t endorsing it. Well, maybe he just hasn’t heard about it, or maybe a broad based flat tax wouldn’t allow him to play class warfare games and use the tax code to dole out favors to corporations that give him large campaign contributions. Can you spell GE?