Kudlow’s Money Politics

Moderate Dems’ Economic Agenda On Its Way

According to the AP, the Democratic Leadership Council is planning to unveil its economic agenda called ‘The American Dream Initiative’ later today.

The plan is supposed to lay out the moderate Democratic strategy on education, health care, retirement and income. The article doesn’t say what the plan entails yet, so we’ll just have to wait until Sen. Hillary Clinton outlines its specific proposals sometime today.

The DLC is a centrist think tank which has some very good people in it. The DLC plan is their version of the GOP’s ‘Contract with America.’

But will it raise taxes on the rich? Will it increase government spending? Will it be like the Pelosi plan which rolls back investor tax cuts, allegedly in order to cut the budget deficit? (Remember, Pelosi wants to reinstate PayGo budget restraints which really could be a tax trap.)

Will there be any economic growth incentives? Or will it be anti-growth? Will it expand the economic pie, or will it redistribute the pie?

In California two years ago, Hillary Clinton appeared at a fundraiser and said:

“Many of you are well enough off that … the tax cuts may have helped you. We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.”

That kind of socialist thinking, along with HillaryCare, has me awaiting the plan’s specifics with great interest.

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