Death and Taxes.

“‘Instead of having all of us pay our fair share, we’ve got over $1 trillion worth of loopholes in the corporate tax code,’ he said. ‘This isn’t the invisible hand of the market at work. It’s the successful work of special interests.” In a speech at Washington’s Tax Policy Center, Barack Obama unveils his tax plan. “The plan means billions in breaks by: nixing income taxes for the 7 million senior citizens making less than $50,000 a year, establishing a universal credit for the 10 million homeowners who make less than $50,000 annually and do not itemize their deductions, and providing 150 million Americans with tax cuts of up to $1,000…Obama proposes funding the tax cuts by closing corporate loopholes, cracking down on international tax havens and increasing the dividend-and-capital-gains tax for the wealthy, he said.“

Meanwhile, not to be outdone, Hillary Clinton unveils her new health care plan. “A Clinton adviser compares the plan’s ‘individual mandate’ — which requires everyone to have health insurance — to current rules in most states that require all drivers to purchase auto insurance…Clinton is the third of the front-running Democratic White House hopefuls to formally unveil her plan, following Sen. Barack Obama, D-Illinois, and former Sen. John Edwards.” Said Edwards of the Clinton plan: “I’m glad that, today, the architect of the 1993 plan has another care proposal — and if imitation is the sincerest form of flattery, then I’m flattered…The lesson Senator Clinton seems to have learned from her experience with health care is, ‘If you can’t beat ’em, join ’em.’ I learned a very different lesson from decades of fighting powerful interests — you can never join ’em, you just have to beat ’em.”

Snow Blind.

“Snow has also been a chief spokesman for the Bush administration’s domestic agenda, forced to argue continually that the typical American is doing just fine, and bravely pushing the unpopular elements of Bush’s vaunted ‘ownership society’…And yet Snow’s own life in many ways symbolizes the downside of the ownership society — and suggests how much a government role in health and retirement benefits is necessary.” Slate‘s Daniel Gross explains how the unfortunate plight of Tony Snow exemplifies the problems with Dubyanomics.

We Ain’t Seen Nothing Yet?

“‘We’re sitting on the doorstep of a definitional moment,’ said Rep. Rahm Emanuel (Ill.), chairman of the House Democratic Caucus.” Faced with their own low poll numbers, the Democratic Congress readies a flurry of late-term legislation involving homeland security (implementing most of the 9/11 commission recommendations), ethics (gift bans and increased disclosure requirements), and child health care (expanding insurance coverage for children of the working poor.) “Republican leaders plan to stand in the way…But against such philosophical stands, there is a stark political problem: How many Republicans are really going to oppose legislation expanding insurance coverage for children, tightening ethics rules and bolstering homeland security?” More than one might think, I’d wager.

Dream a little Dream.

“‘The Republicans say the economy is great for everyone,’ Clinton said. ‘They’ve done nothing about these costs that are eating away at the paychecks of hard-working Americans. Democrats will work to get health-care costs down, to get college tuitions under control, to address the rising costs of gas prices, to cut middle-class taxes and reward companies that create jobs here at home.‘” With November in the not-too-distant future (and 2008 only a step beyond), Senator Hillary Rodham Clinton announces the American Dream Initiative, a.k.a. the DLC centrists’ stab at a Contract with America-type campaign agenda: “The centerpiece proposal would provide additional support for college costs, with the goal of increasing the number of college graduates by 1 million a year by 2015…Other ideas include requirements for employers to establish retirement accounts for all workers and a refundable tax credit for savers; ‘baby bonds’ that would create a government-funded savings account of $500 for every child born in the United States; a refundable tax credit to help provide the down payment on housing; universal health care for children; and benefits for small businesses to lower the cost of providing health insurance to workers.” This all sounds good, if a bit classically Clintonesque. OK, the name is goofy (as was Hillary’s “It’s the American Dream, stupid.“), and IMHO there needs to be more here regarding both campaign finance and lobbying reform. But, still, there’s very little of the usual protective camouflage-y cruft that usually accompanies anything put out by the DLC, so that’s a good start. Let’s see where it goes.

Insurance Ensured.

“‘We insist that everybody who drives a car has insurance,’ Romney said in an interview. ‘And cars are a lot less expensive than people.’” In a new tack on ameliorating the problem of the uninsured, Massachusetts passes a law mandating that all citizens buy health insurance. “As simple as the idea sounds — buy insurance or else — the proposal is complex and, in some cases, still unfinished. For instance, it leaves the task of determining exactly how much some low-income residents will pay for their new, more affordable policies to a new agency that would serve as a liaison between the government, policyholders and private insurance companies.“

Dakota goes South.

Something wicked this way comes: Bucking to challenge Roe v. Wade in the Roberts court, the pro-life South Dakota legislature pass a bill outlawing abortion (with no exceptions therein for rape, incest, or non-fatal threats to the mother’s health), and it seems pro-life Gov. Mike Rounds will sign it. On the bright side, even many pro-lifers doubt the Dakota bill will pass constitutional muster — “‘If you’re just reading the law as it stands now, South Dakota’s law doesn’t really stand any chance under Roe or Casey . I have to agree with those who think it’s remote,’ said Chuck Donovan, executive vice president of the Family Research Council and a former lobbyist for the National Right to Life Committee.” Update: Mississippi follows suit.

Mediscared.

“Spawned by a White House under the influence of the pharmaceutical and insurance industries, rubber-stamped in a Congress bought by lobbyists for those interests, and imposed on the nation with prevarication, duplicity and outright bribery, the drug bill represents everything Americans hate about the federal government today.” Iraq, Abramoff, Plamegate, and the NSA wiretaps aside, Joe Conason sees the seeds of GOP doom in their Medicare fiasco, particularly since it’s become clear that they’ve been lowballing the price tag to the tune of $600 billion.

That’ll teach the poor.

Operation Offsetted: By the slimmest of margins (216-214), the House GOP pass the “deficit-cutting” (read: millionaire tax-giveaway off-setting) bill striking $40 billion from “Medicaid, welfare, child support and student lending.” (It previously passed the Senate on Cheney’s vote.) I’m reminded of a quote by Walter Lippmann on the Goldwater ’64 campaign: “We all know of demagogues and agitators who arouse the poor against the rich. But in Barry Goldwater we have a demagogue who dreams of arousing the rich against the poor.“

ANWR’s Nine Lives.

“The legislation would allow states to impose new fees on Medicaid recipients, cut federal child support enforcement funds, impose new work requirements on state welfare programs and squeeze student lenders.” Although a tie-breaking vote by Cheney got the deficit bill passed — meaning people on Medicaid, welfare recipients, and students with loans will soon be paying for Dubya’s millionaire tax breaks — the Dems do succeed in beating back ANWR drilling, much to the chagrin of Ted Stevens, who gambled that the Senate wouldn’t vote down a defense bill.

The Demise of Dubyanomics?

After some balking by GOP moderates — and a surprising defeat on a spending bill — yesterday, the House manages to pass their budget. Still, “Republicans salvaged the win this time only by jettisoning one of President Bush’s top domestic priorities, opening Alaska’s National Wildlife Refuge to oil drilling, then trimming planned cuts to food stamps, Medicaid and student lunch programs.” And, on the Senate side, GOP moderates not only joined Dems in preventing the renewal of Dubya’s capital gains and dividend tax cuts, but raised taxes on oil companies (which, of course, may prompt a Dubya veto.) Sure, there’s still a lot of lousy stuff in these bills, but it’s nice to see some of the central premises of Dubyanomics — soak-the-poor, cut the rich a break, a free ride for Big Oil — fall apart in a GOP-controlled Congress.