The Last Best Hope For Progressivity in Tax

Written by: Edward J. McCaffery and James R. Hines Jr. 1. Introduction Pity President Obama. Pity tax. Pity the dreams of progressives everywhere. Barack Obama’s presidential campaign gave believers in redistribution a brief shining moment of hope. Obama’s candidacy featured stirring calls for the richest Americans to give back and share more with their less fortunate fellow citizens. Yet even then, beneath the high- flying rhetoric, there was reason for…