Taxes and Caps

Howard Gleckman, Senior Fellow at the Tax Policy Center, wants the $10,000 cap on the federal deduction for state and local taxes repealed.  After all, he worries [emphasis added],

what will happen to state budgets if high-income residents resist tax increases that are now less subsidized by the federal revenue code[?]

Further, Gleckman is arguing,

restoring the old distortion “may indirectly benefit low- and moderate-income households” by propping up state spending.

Because it’s a Good Thing for State governments to keep taking their citizens’ money away from them and spending it for them.  It’s a Good Thing for State governments to continue spending heavily and crowding out private enterprises by consuming resources and accesses to money that would be better and more efficiently used by those States’ citizens and their private enterprises.

Remember this, next month.

A Response

Recall Senator Richard Blumenthal’s (D, CT) sly innuendo about Supreme Court Justice nominee Brett Kavanaugh during last Thursday’s (has it been only a week?) Senate Judiciary Committee hearing to receive testimony from Dr Christine Blasey Ford and Judge Kavanaugh:

As a federal judge, you’re aware of the jury instruction falsus in uno, falsus in omnibus [false in one thing, false in everything], are you not? You’re aware of that jury instruction.

Where Blumenthal was being legally pedantic, Victor Davis Hanson has an idea of an entirely appropriate response by Judge Kavanaugh, a broader, literary one, from Horace:

Mutato nomine de te fabula narratur [change only the name, and the story is about you]

Indeed.