Tag Archives: Election
My reaction to the Wednesday’s debate was probably in line with what most in the media thought: President Obama played it relatively safe while Mitt Romney was able to argue successfully for some of his positions, especially his views on taxation. The media described President Obama’s strategy as the “rope-a-dope,” because the President generally held his punches except for the most effective moments and let Romney hammer him for the rest of the time. This view is, of course, an oversimplification, but appears to be fundamentally accurate. The question then becomes why would President Obama choose a strategy that would result in what Nate Silver called a “field goal” for Mitt Romney?
For the first time since 2010, taxes are a top-priority issue in American politics. During a recent campaign video, President Obama called on Congress to renew income tax cuts for filers earning less than $250,000 a year.
Not only does this announcement relight a debate that was only postponed two years ago, but it turns taxes into a divisive election issue. This means that along with income taxes, the other major taxes in the United States on corporations, payrolls, and capital gains could be in play for reform. Whichever party wins in November is poised to go on the offensive and determine the long-term future of American tax policy.
The 2012 campaign has been hamstrung, and we know who did it. The culprit follows every candidate wherever he or she goes, is generally 250 to 350 pages long, and is available in both paperback and hardcover. It is an old tactic but one that has taken on a special prominence in this season’s confused and jagged path to Election Day: the campaign book.