Stick a Fork in Him
For those of you who did not notice, and you can be forgiven, Bob Graham committed political suicide yesterday in New Hampshire by calling for not only a return of the top tax rate to 38.6%, but a new millionaire's tax bracket of 40%. (full story) While one could make a credible argument about bringing the top rate back to 38.6% from its current 35%, to propose a new bracket for millionaires is just foolish and is a lot of pandering to the class warriors on the left flank of our party. It is sad that someone with moderate credentials would engage in such a hoax, but I guess when your campaign is floundering like Graham's you have to throw out something to try to catch fire. But to me, this proposal has now eliminated Graham from the list of people to be considered for VP.