He’s done it again.
When asked to analyze Herman Cain’s “9-9-9” tax proposal, Prof. Mishra spent half his op-ed talking about Rick Perry’s flat tax proposal instead.
Okay, I’ll take the bait.
The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The new flat tax preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents.
The strange thing is, Prof. Mishra never analyzes this proposal. He doesn’t tell you how it would affect you. He doesn’t tell you whether he agrees with Perry’s claims. He just says that tax cuts are good and, well, this is a tax cut.
Except it isn’t. At least, not for the 60 percent of Americans who would pay more under Perry’s plan than under Obama’s: Continue reading “Sigh. Yet Another Trojan Horse.”