Virginia Senator Mark Warner has penned an op-ed in the Washington Post today, and in his usual Mark Warner style, he portrays himself and his advice as being above the partisan fray, you know a sensible moderate and of course, the smartest man in the Senate
” For months, we have known that no plan will succeed if it just slashes programs such as Medicare or imposes big hikes in tax rates.We’ve known that we need a plan that eliminates at least $4 trillion in debt over the next decade, slows the growth in entitlement programs and raises new revenue through tax reform.”
Mark Warner is a phony moderate, he supports Big Government and is second only to Harry Reid when it comes to carrying Obama’s water. Unlike the other phony moderates like Ben Nelson and Blanche Lincoln who got goodies for their constiuents (Cornhusker Kickback & Louisana Purchase), one has to wonder what Warner was promised to cast his vote for Obamacare .
Let me tell you something about Mark Warner, as a Virginian, Mark Warner is one of my Senators and he has made a career out of opportunism, he is a wolf in sheep’s clothing. In the early 1980s, Warner served as a staff member to U.S. Senator Christopher Dodd. He later used his knowledge of federal telecommunication law and policies as a broker of mobile phone franchise licenses, making a significant fortune. According to one source, this knowledge was gained while working for Dodd and while raising money for other Washington Democrats. Then as governor he spewed this “let’s all work together” BS to pass the largest tax increase in the history of Virginia while at the same time raiding the transportation trust fund and proclaiming himself to be a fiscal conservative. He then took advantage of this false portrayal of the moderate businessman to win election to the Senate.
We all know why spending is at an all time peacetime high, since 2000, the congress has spent money like there was no tomorrow. The Bush tax cuts are not the problem; the problem is that the cuts were not accompanied by spending cuts. As a matter of fact they did just the opposite and then in 2009 ramped up the already out of control spending to unprecedented levels that would make Keynes blush.
Warner is correct that we need to increase revenue but his lack of detail is counterproductive.
The left will interpret it as a call for tax rate increases and the right will interpret it as tax code reform, expanding the base and eliminating deductions, credits and perceived loopholes. This is a tact of the phony moderate, using the lack of detail in their rhetoric to plant themselves firmly in the middle but always voting on the left.
While an overhaul of the tax code is imperative to a sustainable long-term solution, the devil is in the details. For example, eliminating the home mortgage deduction (a loophole, if you will) would increase revenue but in
reality it would crush an already ultra-depressed housing market and decrease home prices another 25% or more. Eliminating the deduction for charitable contributions (mentioned early on in the Obama administration) may seem like it would generate an enormous amount of revenue if analyzed statically but in our real
and dynamic world it would more than likely result in a drastic reduction of charitable contributions and the hardships for the unfortunate beneficiaries of those charities. These are two of the obvious “loopholes” but you can be sure that the elimination of any of them will have real world implications that aren’t obvious on the surface and will surely activate an army of advocates fighting for its preservation.
Senator Warner, the real solution for increasing revenue is to unleash the private sector and grow the economy. Senator Warner, the overbearing regulations that you love and the uncertainty they breed, especially the PPACA that your vote passed, are stifling growth and restricting the needed revenue.
Mr. Warner, you may pretend to be a sensible moderate in your op-ed writings but you are just another big government liberal. it is the same old story; the Federal Government and its burdensome meddling causes the crisis and then insists that the only solution is more meddling and confiscating more of our money by that same Federal Government or as President Reagan said, “In this present crisis, government is not the solution to our problem; government is the problem.”