Archive - Apr 15, 2008 - topic

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Carter with Hamas officials
The Associated Press

Former President Jimmy Carter, with Palestinian officials, visited Yasser Arafat's tomb in Ramallah on April 15.

Featured Topic | Posted 31 weeks 9 hours ago

Is Jimmy Carter a peacemaker... or a rogue diplomat?

Former President Jimmy Carter has made a post-White House career of traveling the world, visiting foreign leaders -- especially adversaries of the United States -- and extending the olive branch of peace. But Carter often makes these trips in defiance of current U.S. policy.

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Ben likes: Carter and the Logan Act

James Kirchick/Commentary

Perhaps it is in light of the Logan Act that White House Press Secretary Dana Perino emphasized, “The president believes that if president Carter wants to go, that he is doing so in his own private capacity, as a private citizen, he is not representing the United States.” It is all well and good for the White House to distance itself from the behavior of Jimmy Carter, but there is a limit to how far any American government can go in condemning the actions of a former president.

The station of ex-president carries a diplomatic heft, and no one has used it with more inelegance and opportunism than Jimmy Carter, whose sabotage of American foreign policy has not been limited to Republican presidents (see Bill Clinton and North Korea). By calling on the United States to include Hamas in peace talks, and by meeting with the leader of said terrorist group in the capital of a country with which the United States does not even maintain diplomatic relations, Carter undermines a crucial plank in America’s Middle East policy.

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Joel likes: Carter and Hamas

Gerom Gorshenberg/The American Prospect

The current administration’s policy toward Hamas has boomeranged. The U.S.-supported Hamas participation in Palestinian elections, expecting a festival of democracy and Hamas’s defeat. When Hamas won, the administration’s tactics helped produce the Hamas takeover of Gaza. Bush’s “pro-Israel” stance toward Hamas has hurt Israel repeatedly. Meanwhile, Khaled Meshaal, the Damascus-based head of Hamas’s Political Bureau, has just reiterated his willingness to accept a two-state solution.

The U.S. needs a new policy toward Hamas. It has good reasons for avoiding official meetings with Hamas leaders -- which is all the more reason it needs an unofficial back channel, through which it can check how far the Islamic movement will bend in return for a chance to escape the current dangerous stalemate and get back into a Palestinian unity government. Carter’s visit provides a chance for that. 

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John McCain discusses gas-tax
The Associated Press

GOP presidential hopeful Sen. John McCain discusses his idea of suspending the federal gas tax for the summer.

Featured Topic | Posted 31 weeks 16 hours ago

McCain wants a gas-tax 'holiday': Should gas taxes be abolished entirely?

John McCain on Tuesday unveiled a sweeping tax reform proposal, calling for an overhaul of the tax code and a temporary suspension of the 18.3 cent-per-gallon gas tax. To help U.S. consumers weather the economic downturn, McCain urged Congress to institute a "gas-tax holiday" from Memorial Day to Labor Day.

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Ben likes: Just abolish them

Cato Institute

Many experts believe that gasoline taxes should be increased for a variety of reasons. Their arguments are unpersuasive. Oil is not disappearing, and when it becomes more expensive, market agents will substitute away from gasoline to save money. The link between oil price shocks and recessions, although real in the 1970s, has been much more benign since 1985 because of the termination of price controls. Market actors properly account for energy costs in their purchasing decisions absent government intervention.

State and federal gasoline taxes should be abolished. Local governments should tax gasoline only to the extent necessary to pay for roads when user charges are not feasible. If government feels compelled to more aggressively regulate vehicle tailpipe emissions or access to public roadways, pollution taxes and road user fees are better means of doing so than fuel taxes. Regardless, perfectly internalizing motor vehicle externalities would likely make the economy less efficient -- not more -- by inducing motorists into even more (economically) inefficient mass transit use.

The arguments advanced against increasing gasoline taxes are applicable to the broader discussion about America’s reliance on oil generally. The case for policies designed to discourage oil consumption is nearly as threadbare as the case for increasing the gasoline tax -- and for largely the same reasons.

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Joel likes: McCain economics

Jonathan Taplin/TPMCafe

John McCain has said that he doesn't know much about economics, but this morning he set out to prove that fact.

At the very point when the market is sending signals to consumers to buy more fuel efficient vehicles and the United States Treasury is increasing its borrowing to fund McCain's War surge, McCain want to make gas cheaper so people will keep buying SUV's and cut income to the Treasury so we will have to borrow more from the Chinese government. Back in February during a Republican Debate, McCain said he was going to cut wasteful spending so much that we would no longer have to borrow from the Chinese. He's a magician!

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Tax Day
The Associated Press

Tax Day puts a smile on her face.

Featured Topic | Posted 31 weeks 23 hours ago

Is Tax Day too burdensome on Americans?

The only things certain in life are death and ... today, April 15, when your federal taxes are due. It's a day that brings grumbling from those who are writing checks to support the activities of government -- and smiles from those people who overpaid during the year and will get a refund this time. Who has the heaviest burden on Tax Day? Do Americans pay too much in federal taxes?

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Ben likes: Not free yet

Investor's Business Daily

No doubt about it, April 15 is the ugliest day on America's calendar. Some have suggested it would be a lot less ugly, however, if Election Day immediately followed on April 16. It's an intriguing idea.

If moving Election Day would unburden the nation of its annual tax nightmare, we're all for it. The federal tax system is miserable. Not only are we taxed too much (government should not be free to help itself to one out of every five dollars), the way we are taxed borders on criminal.

So does the complexity of the tax code. Our "voluntary" system is hopelessly byzantine, with regulations that go on for more than 9 million words across thousands of pages. This year, Americans will spend roughly $325 billion to comply with them. Next year it'll be nearly $350 billion.

There's also a lot of valuable time, more than 6.6 billion hours a year, wasted by individuals, business and nonprofit organizations on tax preparation. For those who think of April 15 as just another day, or that scrambling for last-minute deductions and racing to the post office to beat the deadline are annual rites that will be over in a few hours, consider that Tax Freedom Day, the day we've earned enough to pay our federal, state and local taxes, as figured by the Tax Foundation, is still eight days away.

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Joel likes: Happy Tax Day to the richest 1 percent!

Bruce Falconer/Mother Jones

As many of you scramble to get your taxes done before today's deadline, Citizens for Tax Justice, a Washington-based advocacy group, has released a new report showing just how much love the Bush administration has shown to the richest one percent of Americans... literally at the expense of the rest of us. Not that we didn't already know this, of course, but somehow seeing it all laid out in black and white brings it home all the more clearly.

According to the report, in 2010, when all of the Bush tax cuts will finally have taken effect, the richest one percent of American families -- those earning $1.6 million annually -- will receive, on average, a $92,000 tax cut. As a share of the population, these families will account for an estimated 53 percent of all tax relief, while the poorest 60 percent will be on the receiving end of just 12-15 percent of tax cuts. The fact is that nothing in life is free, and as the national debt continues to soar, so does the certainty of troubled times ahead as we struggle to pay it down.

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