The slowdown in health spending does not indicate that "we're out of the woods," said Glenn Hubbard, one-time advisor to Mitt Romney and George W. Bush.» Read More
Fred Thompson's rivals don't intend to let him hold the spotlight if they can help it. You can see that in Mitt Romney's release of new tax-cut details this week. Romney has said for months that he aimed to cut the capital gains tax for middle class investors to zero.
While Fred Thompson was rolling out his well-choreographed entry into the Republican presidential race, national front-runner Rudy Giuliani was signaling the tack he will use to fend off his new rival: too risky.
The 2008 presidential race will produce a sharp debate over tax policy–-on individuals, estates, investments and corporations. But voters will have to wait for the general election to hear it. That’s because there’s substantial agreement on the biggest policy questions within each party’s field of primary candidates. And for now, those broad areas of consensus have left primary rivals to bicker at the margins.
We are creeping closer to the point of full engagement in the 2008 presidential race--but not there yet. On the Democratic side, John Edwards and Barack Obama are gingerly ramping up their criticism of front-runner Hilllary Rodham Clinton. With the Iowa caucuses just four months away--and Clinton leading polls nationally and in early states alike--they need to.