From the Center on Budget and Policy Priorities — Tim Pawlenty’s grand strategy for achieving continuous 5% economic growth.
Specifically, in 2013 the Pawlenty plan would give people in the top one-tenth of 1 percent on the income scale (i.e., people with incomes above $2.7 million) an average annual tax cut of $1.8 million — which is more than four times what they got last year from the Bush tax cuts.
Isn’t Pawlenty suppose to be some kind of moderate? A Mitt-Romney-Lite?
It’s no wonder that even conservative economists have declared Pawlenty’s plan to be “ridiculous.” The plan is both gratuitous and borderline fetishistic. And I’m sure fiscally-conservative blowhards across the nation stood up a little taller in their chair, as if Sarah Palin had just winked at them, after Pawlenty’s plan was announced.
It should be noted that Michele Bachmann debuted her own tax proposal the day after Pawlenty announced his, and her plan actually goes one step further. Fortunately, no one seems to be taking her seriously. Rightfully-so.