2/24/2005

Epiphany on the Road to Indiana

"When he was President Bush's first budget director, Mitch Daniels proved to be a fiscal prestidigitator. He helped make a handsome federal surplus vaporize as he championed the serial tax cuts that have sent the nation into deep deficit borrowing. Mr. Bush liked the director's touch so much that he dubbed Mr. Daniels 'The Blade,' though 'The Bleeder' seems closer to the truth, considering the hemorrhage of red ink during his tenure.
But now, far out in reality as the new governor of Indiana, Mr. Daniels has suddenly shocked the political world, or at least made it guffaw, by concluding that his state needs to raise taxes. That's right, a Bush Republican has actually endorsed taxation as a tool of self-government. With fresh insight, the old budget director said a tax increase of one percentage point on people making more than $100,000 was necessary to balance the budget."

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