Tuesday, December 28, 2004

 

Bush Expected To Delay Major Tax Overhaul.

Nothing surprising here in this WaPo story, but it's still a bit of a disappointment.

While I agree that Social Security needs to be reformed, and now is as good a time as any, I personally feel that if President Bush actually has some political "capital," he should have spent it on tax reform first.

After all, entitlement reform is a bit like treating the symptoms of cancer, while tax reform is the drug that cuts the blood off from the tumor.

I can't really blame the Bush Administration for punting on this. There's a war to be won, a slew of judgeship fights coming up. Tax reform on the scale that's contemplated would simply divert attention from these issues.

However, it certainly would be a great agenda-setter, and if anything, it would cement Bush's legacy as a conservative revolutionary. Yes, I understand that many think those words are oxymoronic, but they're not.

For good or for ill, more than most Presidents, Bush has seen the status quo and decided he'd rather do something different. Mostly in foreign policy, but surprisingly so in domestic affairs as well. Whether or not he succeeds depends on the soundness of his proposals, and how effective he and his team are in silencing the inevitable wailing of his critics.

Should be an interesting term, even if it means H.R. Block will stick around *another* year. . .

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