The GOP Tax Pact.

With conservatives chomping at the bit to reduce capital gains taxes, the Senate GOP craft a compromise bill that appeases moderate holdouts like Senator Snowe. As I’ve said before, any tax cut given the current state of the economy and our budget deficits is a bad idea. And given how much of the heavy lifting Senator Snowe has already done, I’m surprised more Dems aren’t kicking up a fuss right now.

At long last.

Dubya may have tied up the release of the Reagan papers indefinitely (hmm, whatever for?), but at least one branch of government has the courage to air their dirty laundry. Senators Susan Collins and Carl Levin announce the release of the McCarthy hearing transcripts (available here.) There’s probably a number of good dissertation topics in there…

Feed the Rich, or else.

What do we want? Tax breaks for the rich! When do we want ’em? Now! Brushing up on his cheerleader skills in Arkansas (as a not-so-veiled threat to Democratic Senator Blanche Lincoln), Dubya demands that Congress speed up passage of his fatcat cut. But so far, the all stick and no carrot tactics of the Bushies are only continuing to tick off GOP moderates like Olympia Snowe.

Round 1.

Well, after watching a rebroadcast of Saturday’s first Democratic debate on C-Span yesterday…

The Top Tier: I’d have to say it’s still a three-man race for my vote right now among Kerry, Dean, and Edwards. I personally thought Edwards came off the best, although he benefited greatly from being the first Dem to step “above” the Kerry-Dean fracas. As per the rap on him, Kerry seemed somewhat bored and remote, while Dean – who usually says the right things on paper – appeared pugnacious and self-satisfied. To my dismay, Dean seemed even less personable on the telly than Tsongas did back in the day. So, of the three, I thought Edwards seemed like he had the best chance of not being pigeonholed as a Standard-Issue Out-Of-It Liberal in a debate with Dubya, and he seemed much more comfortable using populist rhetoric than Gore ever did. To my mind, Edwards wins Round 1, although obviously we have quite a few more rounds to go.

The Rest: If I had to pick a fourth choice, it’d probably be Moseley-Braun, who got in the best line of the evening with her Florida recount gag. (“People said that the black vote would decide the election of 2000, and it did…Clarence Thomas’s.“) Gephardt seemed a bit weary of primary shenanigans, Lieberman (who inexplicably is getting the best postdebate press) is in the wrong primary, and Bob “Live in Fear” Graham, Al Sharpton, and Dennis Kucinich were too busy playing Orrin Hatch, Alan Keyes, and Gary Bauer respectively. Didn’t much care for Stephanopoulos as self-proclaimed Kingmaker either (although I guess ABC had to use someone in their stable, and he was the most likely candidate), and I found his “I speak for the electorate about your foibles” routine in Pt. III to be wildly unproductive, if not downright insulting. While his characterizations of the candidates’ flaws might have occasionally been on the money (although occasionally they weren’t…who says Lieberman is too nice to be the Democratic candidate? Too theocratic, perhaps – too Republican, for sure – but too nice? That softball was a gift.), more time spent on issues and less on inside baseball would surely have been in order for the first debate.

Palmetto Progressivism.

The first Democratic debate is set for tonight at 9pm (although you probably have a better chance of catching it on C-Span tomorrow.) And, if nothing else, the 90-minute forum will offer long-suffering South Carolina progressives (or, at least, those of us not in exile) a chance to influence the Democratic primary as never before. Should be fun.

The Other Shoe Drops.

As it turns out, the new GOP-spawned hybrid tax bill mentioned yesterday offers even more to the wealthy (and less to the poor) than Dubya’s dividend debacle. Why am I not surprised? If the Republicans keep prostrating themselves before the filthy rich like this, that giant sucking sound you hear will be the GOP moderates defecting en masse a la James Jeffords, who’s now comfortably ensconced in the Democratic leadership.

Where’s the Outrage?

All over the press this Saturday morning: moral exemplar William Bennett is a high-roller, losing over $8 million in the past ten years at various casinos. I play a biweekly poker game and have been known to throw down some money in Vegas, so I’d be the first to argue that gambling within limits is a minor vice at worst. But then again, I haven’t made a living peddling sanctimonious garbage like The Book of Virtues or The Moral Compass either. Yes, this is gotcha journalism making entirely too much out of a mildly disreputable pastime – it’s not like Bennett is a child molester or anything. But that doesn’t mean I won’t enjoy watching Mr. Virtue squirm on the petard of his own hypermoralism. Mr. Bennett, is schadenfreude a forgivable vice in this instance? Update: Mrs. Bennett drops the hammer. Update 2: Mike Kinsley weighs in, also invoking the schadenfreude angle.