Friday, April 16, 2010

Rebelling against lower taxes?

There's another great editorial in today's Herald-Leader:

This year's tax-deadline day inspired Tea Party rallies, named for the famous colonial tax rebellion, including gatherings in Lexington and Louisville at which Republican Senate candidate Rand Paul was the star.

William G. Gale, a senior fellow at the Brookings Institute and co-director of Urban-Brookings Tax Policy Center, said "it is ironic if not bizarre that the Tea Party got going during a time when federal taxes were at their lowest in about 60 years."

...For all the conservatives out there who can't bear the thought of anyone paying more to the federal government, perhaps another widely forgotten fact will provide some solace: President Ronald Reagan raised taxes several times in the early 1980s to tame a spiraling deficit. He still became the patron saint of free marketeers everywhere.