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by Amity Shlaes
November 16, 2008

Over at the Arizona Republic, Doug MacEachaern suggests it is humiliating for conservatives such as yours truly to in turn suggest that Democrats might conceivably cut top taxes. He says we are begging.
I just don’t think tax cutting or ending tax increase plans are impossible. Democrats went along with such a tax cut under President Clinton, the capital-gains tax cut. Over in the UK, this very weekend, Gordon Brown of Labour is busy announcing a Christmas package of stimulative tax cuts. It should not be totally excluded that Democrats here might drop some of their most egregious tax increases, including those that hit the wealthy. Economic circumstances are different enough today to change the conversation.

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