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11 Aug 2008 10:03 pm
Manzi vs DeLong
Yes, Obama will tax entrepreneurs more. And that's bad. It's just that the issues in this campaign - a return to constitutional norms, the end of torture, the avoidance of a hot global war - tend to overshadow concerns about Obama's fiscal plans. And the massive debt the Republicans have bequeathed us make tax hikes far more defensible, given the total lack of plans to reform entitlements.
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