WATCH: Joe Conason Discusses Tax Cuts On ‘PoliticsNation’

National Memo Editor-in-Chief Joe Conason appeared on MSNBC’s “PoliticsNation” last night alongside host Al Sharpton and The Washington Post’s Nia-Malika Henderson to discuss President Obama’s announcement that he will push to extend Bush tax cuts for those earning less than $250,000 a year, while letting the wealthiest Americans’ tax cuts expire. While Sharpton recalled the Clinton era, when the former president raised taxes on the wealthy to nearly 40 percent — which created 20.8 million private sector jobs — Conason noted that Sharpton left something out: “When President Clinton came into office, we had what was then considered a huge deficit,” and after Clinton proposed a tax increase, “The Republicans screamed, as you recall. Not one Republican vote…they all said… this will cause a recession, depression, worse. And we know what actually happened.” What happened wasn’t a recession or a depression, but instead, a historic economic surplus.

Visit msnbc.com for breaking news, world news, and news about the economy

On the contrary, the Bush era brought about a tax cut to 35 percent, a loss of 663,000 jobs, and a national debt of $4.9 trillion. Romney and the Republicans are proposing even more extensive tax cuts for the wealthy — haven’t they learned from history? 

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

On Trial For Campaign Crimes, Trump Is Drenched In Tabloid Sewage

National Enquirer covers smearing Hillary Clinton in 2016

Back in the antediluvian era of American politics, perpetrating dirty tricks was considered proof of bad character and potentially disqualifying for public office, depending on circumstances.

Keep reading...Show less
Oklahoma Official Wants Chaplains In Schools -- But Only 'Christian' Nationalists

Ryan Walters

Book-Banning 'Moms For Liberty' Remind Me Of 'Harper Valley PTA' (And '1984')

Visitors to Oklahoma’s State Schools Superintendent’s personal social media page will notice a post vowing to “ban Critical Race Theory, protect women’s sports, and fight for school choice,” a post linking to a Politico profile of him that reads, “Meet the state GOP official at the forefront of injecting religion into public schools,” a photo of him closely embracing a co-founder of the anti-government extremist group Moms for Liberty, and a video in which he declares, “Oklahoma is MAGA country.”

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}