The Wall Street Journal editorial page does us the favor of quoting Bill Clinton’s comments last Saturday at the Aspen Ideas Festival, when the former president made the case for cutting corporate tax rates from 35 percent to 25 percent and, as a trade off, “eliminate a lot of the deductions so that we still get a fair amount [in revenues], and there’s not so much variance in what the corporations pay.”
That’s quite a good idea, and Clinton’s remarks are a reminder that whatever his other failures, he was in many respects a constructive intellectual force in the Democratic Party. He moved it toward the center, much as his friend Tony Blair moved the British Labour Party toward the middle, making it not only politically viable but politically successful.
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