An old friend e-mailed last night asking for some info on the Bush tax cuts. He also wanted some insight on the tax-and-spend proposals being bandied about by big-government Obama and Hillary, among others. Here’s a portion of my response:

Bush cut taxes by 21 percent for marrieds earning $50,000; 18 percent for marrieds earning $75,000; and 17 percent for marrieds earning $125,000.

Do people know this? And do people really believe that raising taxes at the top end will reduce taxes in the middle? Or grow the economy? The Democrats are proposing huge spending plans. But who will pay? The top earners? Or the middle earners? And who will pay to fix Social Security and Medicare entitlements? Or expanded health entitlements? Do people really want a $65 billion government-infrastructure bank? Or a $150 billion government bureaucracy for “green tech” projects? Think of it.