Rolling Stone political correspondent Tim Dickinson says the tax policies pursued by the Republican Party have benefited the top 1 percent of income earners. "The people at the very top of the income [bracket] are taking off like a rocket," he says.
Philadelphia Inquirer investigative reporters Donald Barlett and James Steele. The two talk with Terry Gross about why campaign promises related to taxes should be carefully scrutinized. They say if you want to know how a 15 percent tax cut would help you, you need to look at how it would impact all of the taxes you pay. They say that often the highest tax rates are found at the state or local level.
Former Reagan advisor and Bush budget director, Richard Darman has written the book "Who's In Control?: Polar Politics and the Sensible Center," from Simon and Schuster. As Budget Director under President Bush, Darman pressured Bush to approve a tax increase. This broke Bush's promise "Read My Lips, No New Taxes." Terry talks to Darman about the tax increase, this year's Presidential elections, and about why Darmen thinks both parties are too polarized today to be effective.
Philadelphia Inquirer reporters Donald Barlett and James Steele. For the past 9 days, the Inquirer has run a series of scathing front page articles by Barlett and Steele titled "America: What Went Wrong?" In it, they examine how government policies as diverse as changes in the bankruptcy laws and the sanctioning of political action committees have worked to make the rich richer and the poor poorer.