Quite often in politics the old saying is confirmed that the more things change, the more they stay the same.
“…we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.”
“Let's close loopholes so we stop rewarding companies that keep profits abroad, and reward those that invest in America.”
The two statements – and the distance between them – are signs of how in Washington things move or don’t move. Then again, sometimes not moving is the right move.
When, and how, to know which is which is the question.
Whether President Obama’s most recent State of the Union address is a political effort to try to box-in Republicans by promising new spending and taxes to which they won’t agree, or serious policy pronouncements he hopes will pass, his tax-related comments have a familiar ring.
In his State of the Union address, among measures mentioned by the president that would lead to more revenue for the federal government and additional costs for businesses, are:
According to the president’s speech, some $320 billion would be realized over 10 years.
With respect to taxing upper-income Americans, nothing much has changed since the president took office in Jan. 2009. They were the targets of additional taxation then, they’re getting the attention now.
Some decry these ideas as government confiscation principally to make politicians look generous – with other people’s money. Others say they are necessary to build the middle class.
The chances of many of these proposals passing are non-existent, for two reasons:
Sometimes, the more things change, they really do change. And Washington does sometimes move, if glacially.
A glacier moves, and when it does it pushes – or crushes - whatever is in front of it. Listening to the SOTU undoubtedly some felt moved, others felt as if they’re going to be crushed.
It all depends on your position when the ice starts to shift.