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Matthew Yglesias

Matthew Yglesias - Matthew Yglesias is a fellow at the Center for American Progress Action Fund.
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Matthew Yglesias is a fellow at the Center for American Progress. His first book, with the working title Heads in the Sand: Iraq and the Strange Death of Liberal Internationalism, scheduled to be published next spring by John Wiley and co., deals with the Democratic Party's struggle to find a post-9/11 foreign policy, focusing primarily on the rise and (hopefully) fall of the liberal hawk movement.

Previously, he was a staff writer at The American Prospect and an Associate Editor at TPM Media, where he contributed to the group blogs Tapped and TPMCafe. His main blog, now at The Atlantic, has existed in various forms since the dark ages of the blogosphere in January 2002.

His writing has appeared in The Guardian, Slate, The New Republic, and The Washington Monthly, and he is a regular on BloggingHeads.tv and makes the occasional radio or television appearance.

Desperately out of touch with the American mainstream, Yglesias was born and raised in Manhattan and studied philosophy at Harvard where he was editor in chief of The Harvard Independent, a campus alternative weekly.

His latest writings can be found on the Matthew Yglesias blog.

Romney on Taxes

By Matthew Yglesias
Oct 6 2007, 10:11 PM ET Comment

I believe I've mentioned before that I voted for Mitt Romney in 2002, and I retain a respect for the Mitt Romney who existed back then and even governed Massachusetts for a while before he got the idea of running for president into his head. But the new far-right Romney's the one who released this tax blueprint on Thursday. It has seven planks:

  • Make Bush's tax cuts permanent, a measure that mostly helps the rich.
  • Further reduce income tax rates across the board, a measure that mostly helps the rich.
  • "Any taxpayer with Adjusted Gross Income of under $200,000 would pay a tax rate of absolutely 0% on all of the income they earn from their savings, capital gains and dividends." Here's a change -- a proposal targeted at the unique needs of the upper middle class! It's not clear to me what's supposed to happen here if you go from earning $199,877 one year to earning $200,182 the next year: A giant tax hike?
  • Permanent elimination of the estate tax, deviating from the theme of measures that mostly help the rich by coming up with something that exclusively helps the rich.
  • Corporate tax rate cuts. Guess who this helps?
  • No increase in FICA. Since the only form of FICA increase that has any political support involves raising the FICA cap this, in practice, is yet another pro-rich-people measure.
  • "Governor Romney supports the full deductibility of qualified medical expenses," which, again, primarily benefits the rich.


Basically, it's like Bush's policies but more so.

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