On Thursday, Charlie Rangel (D-NY) introduced a bill that calls for the most significant overhaul to the tax system in decades. In general, the taxes paid by people making more than $200,000 would go up, and would go down or stay the same for everyone else. Republicans are going bonkers, and it's unlikely to pass before President Bush is out of office.
But people with functioning brains realize that you can't solve the country's problems with tax cuts. And most Americans recognize that. According to a Bloomberg/Los Angeles Times survey:
Republicans seem to be losing the anti-tax card that has helped them win elections over more than a quarter- century. A majority of poll respondents oppose leading Republican presidential candidates' plans to cut taxes on corporate profits and maintain lower rates on investment income such as capital gains and dividends.
A majority of Americans also say they would tolerate higher taxes to help pay for universal health care, an idea that all the leading Democratic hopefuls have championed. And about two in three say they haven't benefited from the tax cuts President George W. Bush pushed through Congress during his first term.
Bush's tax cuts for the wealthy will have to go, too.