Recommended: Dems and Taxes: Trapped by Talking Points

Carl Cannon has an interesting post today on the RealClearPolitics site, Dems and Taxes: Trapped by Talking Points. Neither the Republican nor the Democrats have yet arrived at reality. Republicans need to face up to the fact that taxes have to go up on everyone, unless they are willing to bite the bullet and reform the tax code, removing all the tax exemptions (a good idea, but it means taking exemptions away from lots of their business supporters). Democrats need to get over the fantasy that just taxing the rich more will solve the problem - some of their cherished social welfare programs will have to go too in order to get spending down to rational levels again.