My colleague The Moose did a post this morning playing off fresh charges by the former deputy director of the White House Office of Faith-Based and Community Initiatives that the administration took the whole faith-based project about as seriously as, well, “compassionate conservatism” in general.But nestled in the post was another subject on which The Moose and I share a healthy obsession: the scheduled demise of the federal estate tax, a.k.a, in Republican-speak, the “death tax.”The Moose specifically proposed reinstating a reformed version of the estate tax and dedicating the money to a real faith-based initiative. But aside from that particular idea, I think Democrats, as a matter of basic principle, ought to single out the estate tax repeal as a Bush/GOP outrage that must not be allowed to stand.This happens to be one issue where the standard lefty critique of centrist Democrats has some merit. At some point during the 1990s, the GOPers did some focus groups and discovered that sizeable majorities of voters didn’t like the idea of family farmers and small business owners getting hit with high-rate federal inheritance taxes when they were struggling to keep the farm or business in the family for the next generation. They also discovered that calling the inheritance tax a “death tax” pushed even more buttons. Nothing excites Republicans more than finding an issue where they can simultaneously win votes and richly reward their richest constituencies. So not suprisingly, abolishing the “death tax” became a standard feature of GOP tax proposals in the Age of Newt, bearing poisonous fruit when Bush took office amidst spectacular budget surpluses and got the chance to cut taxes.A goodly number of Democrats–especially those from marginal and/or rural districts–saw those polls and just flat-out caved (for the record, the DLC never did so, and in fact made the “death tax repeal” an object of particular hostility and derision). In fact, other than the so-called “marriage penalty” adjustment, repeal of federal inheritance taxes probably got more Democratic support in Congress than any other feature of the Bush tax package. That was then. This is now. And now Democrats should seriously consider making opposition to a permanent “death tax repeal” a signature issue. Why? Well, for one thing, repealing inheritance taxes strikes at the very heart of a long–and until recently, bipartisan–American tradition of progressive taxation in which the burden of self-government falls on wealth as well as work. (As The Moose often points out, Teddy Roosevelt was the father of the federal estate tax). There are three ways to get very, very rich. One is to earn it with actual work (a rare but not impossible feat). A second is to earn it through investment income. And a third is to inherit it. (A fourth, I suppose, is to marry it, perhaps more than once, but we’re not talking about Sen. John Warner here). A broad-based tax system should not mysteriously exempt the third source of enormous wealth, especially since it is the one that rewards birth-status rather than effort or initiative or good judgment, and that serves virtually no economic purpose. Moreover, truly dangerous and immoral concentrations of wealth often take generations to accumulate, with inheritances serving as the crucial link between economically rational and irrational–indeed, anti-competitive–consolidations of market power. To put it another way, accepting the abolition of inheritance taxes makes any consistent and progressive fiscal philosophy incoherent. We’re gonna tax high earners and small investors, but not big fat trust fund babies? Oh, really? Aside from the principles involved, I am convinced Democrats can turn public opinion around on the estate tax. The extremist abolitionism of the GOP on this issue makes it easy for Democrats to be reasonable, in a way that’s far more difficult in the complicated world of marginal rates on income. For years, most Democrats have supported a reform of the federal estate tax that would raise the threshold for applying it high enough to exempt virtually every legitimate small family farm or small business, and perhaps even lower the rates, which are significantly higher than for corporate or personal incomes. That would essentially return the estate tax to a simple, progressive purpuse: a tax on the inheritence of very large personal fortunes–a “billionaire’s tax,” to demagogue it just a little, in the spirit of “death tax.” Let the GOPers defend that, for a change. Pivoting public opinion on inheritence taxes will require the kind of sustained, loud Democratic attention that is currently being paid to Social Security privatization. But it’s worth it, both morally and politically. Repealing the estate tax is a central pillar of the GOP’s plan to eventually shift the federal tax base entirely from wealth to work, with the goal of not only “starving the beast” of government, but of turning heavily taxed people of modest means into anti-tax zealots while solidifying the Republican Party’s iron pact with the most privileged and powerful economic interests in the country. So: if and when the Beast of Bush’s SocSec proposal is slain or at least firmly caged, I nominate “death to the death tax repeal” as a Big Fight worth having, and winning.
TDS Strategy Memos
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Editor’s Corner
By Ed Kilgore
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April 26: Kennedy Now Taking As Many Votes From Trump As From Biden
Polls are showing a subtle but potentially important shift that I discussed at New York:
For a while there, the independent ticket of ex-Democrats Robert F. Kennedy Jr. and Nicole Shanahan seemed to be taking crucial votes away from Democrat Joe Biden, at least as indicated by comparing three-way and five-way (with Cornel West and Jill Stein) polls to head-to-head matchups of the incumbent and Donald Trump. Now, even as Biden has all but erased his polling deficit against Trump, he’s getting some more good news in surveys that include other candidates.
Two recent major national polls show Biden running better in a five-way than a two-way race. According to NBC News, Biden moves from two points down to two points up when the non-major-party candidates are included. In the latest Marist poll, Biden leads Trump by three points head-to-head and by five points in a five-way race. Since left-bent candidates West and Stein are pulling 5 percent in the former poll and 4 percent in the latter (presumably taking very few votes from Trump), you have to figure Kennedy is beginning to cut into the MAGA vote to an extent that should get Team Trump’s attention. And it has, NBC News reports:
“Former President Donald Trump has repeatedly said he’s confident that independent presidential candidate Robert F. Kennedy Jr. will pull more votes away from President Joe Biden than from him — a net win for the Republican’s candidacy.
“’He is Crooked Joe Biden’s Political Opponent, not mine,’Trump wrote on Truth Social late last month. ‘I love that he is running!’
“Behind closed doors, however, Trump is less sure. A Republican who was in the room with Trump this year as he reviewed polling said Trump was unsure how Kennedy would affect the race, asking the other people on hand whether or not Kennedy was actually good for his candidacy.”
Politico notes that Kennedy is drawing higher favorability numbers from Republican voters than from Democratic ones, which could indicate a higher ceiling for RFJ Jr. among Trump defectors. And it’s generally assumed from his past performances that there is a lower ceiling on Trump’s support than on Biden’s; he needs to be able to win with significantly less than a majority of the popular vote, as one Republican told Politico:
“’If the Trump campaign doesn’t see this as a concern, then they’re delusional,’ Republican consultant Alice Stewart said. ‘They should be looking at this from the standpoint that they can’t afford to lose any voters — and certainly not to a third-party candidate that shares some of [Trump’s] policy ideas.’”
One likely reason that Kennedy could be appealing to Republicans is the residual effect from the positive attention he received from conservative media when he was running against Biden in the Democratic primaries; his identification with anti-vaccine conspiracy theories also resonates more positively on the right side of the political spectrum than the left. So it’s in the interest of Team Trump to begin telling the former president’s sympathizers that RFK Jr. is actually a lefty, and that started happening recently, as the New York Times reported: “Mr. Trump, the presumptive Republican presidential nominee, pointed in particular to Mr. Kennedy’s views on climate change and the environment, writing on his social media site that Mr. Kennedy was more ‘radical Left’ than Mr. Biden.”
The idea, of course, is not only to discourage potential Trump voters from drifting toward the independent candidate, but to encourage potential Biden voters to consider a Kennedy vote.
If Kennedy continues to draw votes from both Biden and Trump, each of their campaigns will need to make a strategic decision about how to deal with him: Do you ignore him and count on the usual fade in support afflicting non-major-party presidential candidates as Election Day nears, or do you attack him as too far left (if you’re Trump) or too far right (if you’re Biden) and try to make him a handicap to your major-party opponent? The more aggressive approach has become common among Democrats seeking to intervene in Republican primaries (or in the recent case of the California Senate race, a nonpartisan top-two primary) by loudly attacking candidates they’d prefer to face in the general election, encouraging Republicans to flock to the supposed menace to progressivism. This kind of tactic — if deployed with some serious dollars — could have an effect on Kennedy’s base of support.
Certainly Trump seems to be considering it. With his usual practice of saying the quiet part out loud, Trump opined: “If I were a Democrat, I’d vote for RFK Jr. every single time over Biden, because he’s frankly more in line with Democrats.”
Trying to minimize losses to Kennedy and maximize opposite-party votes for Kennedy could become a routine practice down the stretch. Where and by whom this strategy is pursued will depend in part on where RFK Jr. is ultimately on the ballot. Right now he has nailed down ballot access in just two states, Utah and Michigan. CBS News reports the Kennedy-Shanahan ticket is close to securing a spot on the November ballot in a number of other states:
“Kennedy’s campaign says it has completed signature gathering in seven other states in addition to Utah and Michigan — Nevada, Idaho, Hawaii, New Hampshire, North Carolina, Nebraska and Iowa.
“The super PAC supporting Kennedy, American Values 2024, says it has collected enough signatures in Arizona, Georgia and South Carolina.”
Coping with Kennedy could become a game of three-dimensional chess between the Biden and Trump campaigns. But if it begins to look like RFK Jr. has become an existential threat to Democrats or to Republicans, you can bet they’ll go medieval on him without even a moment’s hesitation.