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Bill Kristol admits GOP ‘making a mistake’ by slashing corporate taxes

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During a Fox News panel Sunday, conservative contributor Bill Kristol admitted that “corporations have a ton of cash” and the Republican Party’s desire to slash corporate tax rates was a mistake.

“I think [Republicans] look back on the Bush years and say the problem was we just didn’t do enough,” Center for American Progress CEO John Podesta told Fox News’ Chris Wallace. “And so [they say] let’s cut taxes more for wealthiest Americans. Let’s try to cut Medicare now, cut Medicaid, cut health care that people need. They don’t really have an investment agenda.”

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Wall Street Journal columnist Kimberly Strassel quickly disagreed.

“The second highest corporate tax rate in the world was one of the things that got us in this mess,” she said. “Going back to say we need to cut that is not going back to old policies, it’s fixing the problem.”

But Kristol interrupted, finding himself in the odd position of disagreeing with Strassel.

“Republicans are making a mistake if they focus on big businesses and corporate tax rates,” he said. “Corporations have a ton of cash. The corporate tax rate is not killing big business in America.”

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Watch this video from Fox’s Fox News Sunday, broadcast June 5, 2011.


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Is a strange Twitter glitch censoring the left?

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The Working Families Party, a New York-based progressive political party, has a reputation befitting its name as a left-populist political organization. So when the organization endorsed the center-left Massachusetts Senator Elizabeth Warren — who was once a hardcore Republican and has emphasized her capitalist credentials — over the explicitly democratic socialist candidate Sen. Bernie Sanders, Sanders (I-Vt.) supporters were understandably disappointed. After all, the party overwhelmingly endorsed Sanders in the previous presidential election. What had changed?

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NYC mayor Bill de Blasio ending his Democratic presidential campaign

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New York City mayor Bill de Blasio has ended his Democratic presidential campaign.

De Blasio made the announcement Friday on MSNBC's "Morning Joe," where he explained his decision.

"I feel like I've contributed all I can to this primary election," he said, "and it's clearly not my time."

The mayor said he was optimistic about the Democratic Party's chances in the 2020 election, no matter who was nominated to face President Donald Trump.

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MSNBC’s Morning Joe darkly warns why Rudy Giuliani’s ‘lies and gibberish’ are no laughing matter

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MSNBC's Joe Scarborough laughed uproariously at Rudy Giuliani's careening denials and admissions to possible crimes involving Ukraine, and then darkly noted that his bizarre "gibberish" was straight out of the authoritarian handbook.

"Morning Joe" panelists cracked up at President Donald Trump's attorney angrily denying that he sought election help from Ukraine's government, only to even more angrily justify his reasons for doing what he had just denied.

"When it is going south you put gibberish on the air not to confuse people," said panelist Donny Deutsch, "all of a sudden it's just this noise that's not as distracting that makes you lightheaded."

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