Liberals are lamenting Obama’s withdrawn proposal of a windfall profits tax on oil companies, asking whether it is his first broken promise of his presidency. The answer, as Jen Rubin notes, is of course not; he broke lots and lots of promises before even being elected.

But all is not lost, my liberal friends. Allow me to propose the institution of a windfall profits tax on presidential campaigns. Any campaign that raises more than $250 million would have all donations taxed at the higher rate that Obama was discussing for oil companies. Okay, so he never actually specified what that rate would be. But let’s say Uncle Sam took one half of all donations to presidential candidates.

Karl Rove writes today:

Both men and the national parties will report to the Federal Election Commission today how much money they raised in October and November. And what the numbers will probably show is that Mr. Obama outspent Mr. McCain by the biggest margin in history, perhaps a quarter of a billion dollars.
On May 31, as the general election began in earnest, the Obama campaign and the Democratic National Committee had a combined $47 million in cash, while the McCain campaign and the Republican National Committee had a combined $85 million.
Between then and Oct. 15, the Obama/DNC juggernaut raised $658.7 million. I estimate today’s reports will show Mr. Obama, the DNC and two other Obama fund-raising vehicles raised an additional $120 million to $140 million in October and November, giving them a total of between $827 million and $847 million in funds for the general election.

Think about it… wouldn’t it be better if half of that money went to schools and health care and puppies instead of campaign ads and those fake Greek columns in Denver?