James Pethokoukis

Team Norquist replies

December 2, 2010

From Americans for Tax Reform to Gregg, Crapo and Coburn:

You have today announced that you will support the Simpson-Bowles-Obama debt commission report on Friday.  This report contains a ten-year net tax hike of over $1 trillion and increases tax revenues from their historical 18 percent of GDP to a record and permanent 21 percent. This report shifts the debate from where it properly should be—spending—and onto deficit reduction, and thereby tax increases.

Obama debt panel shapes fiscal “battlespace”

December 2, 2010

It looks like the vote on the panel’s recommendations will be closer than I first thought. Here is my take from my Reuters Breakingviews columnette:

Now it’s Tom Coburn vs. Grover Norquist

December 2, 2010

It is getting interesting. On Twitter, Ryan Ellis (@taxplayer) of Grover Norquist’s Americans for Tax Reform had this to say about Judd Gregg, Tom Coburn and Mike Crapo supporting the Obama debt panel recommendations: “by agreeing to the simpson-bowles tax hikes, pledge breakers coburn, crapo, and gregg have admitted they lied about taxes to get elected.”

Explaining Orszag’s maybe move to Wall Street

December 2, 2010

Former Obama budget chief Peter Orszag to Citi? Maybe. What, you thought the big banks hated Obama’s financial reform?Just listen to KC bank president Tom Hoenig in the NYTimes:

Paul Ryan vs. Tom Coburn over Obama’s debt commission

December 2, 2010

Rep. Paul Ryan says he will vote “no” on the recommendations of the Obama debt commission: “Obviously, I’m not going to vote for it. … Not only didn’t it address the elephant in the room, healthcare, it made it fatter.”