John Podhoretz Quotes
Conservatives have long been suspicious that Romney isn't truly one of them. The release of his tax returns should settle the matter once and for all: He's not only to be accepted, but admired and emulated - and by liberals as well as conservatives.
Podhoretz, John. "Romney's golden returns." New York Post, 25 Jan. 2012.
The George W. Bush administration when they had a Republican-controlled Congress, had amended the tax laws to treat the earnings of the hedge fund managers differently from people who manage other enterprises in the nation. They gave a group of very wealthy managers whose earnings were already amongst the highest of any managers in the country a huge tax break, while little public attention was paid to the subtlety of complex tax laws. Daschle and others began to draw public attention to the inequity.
This became known as the Buffet Principle—that the very rich should not pay a lower tax rate than the workers who make far less money than they do. President Barack Obama used this principle by name in calling for the 2011 Jobs Act which would eliminate some of the loopholes and exemptions by which the rich could avoid some or much or their tax obligation.
John Mordecai Podhoretz is an American writer. He is the editor of Commentary magazine, a columnist for the New York Post, the author of several books on politics, and a former speechwriter for Presidents Ronald Reagan and George H. W. Bush.
