Our own Saturday Night Massacre
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Thursday, November 2, 2017
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I vividly remember (as a 14-year-old farm kid in Oregon!) the original 1973 Saturday Night Massacre, in which President Richard Nixon fired the special prosecutor investigating him. And now I fear we may soon see [a repeat]( with President Trump firing Robert Mueller for, uh, well, for something. That would trigger a national crisis, and itâs the subject of my Thursday column. [Please read!](
The G.O.P. tax plan is set to be unveiled tomorrow, but Iâm skeptical that itâll be enacted. Thereâs good reason to lower the marginal corporate tax rate by getting rid of loopholes, but the G.O.P. version would go far beyond that and simply offer a large payout to wealthy Americans, exacerbating inequality. Itâs too bad, because we could indeed use sensible bipartisan tax reform â but this isnât it.
More broadly, the conservative idea that lower tax rates will stimulate economic growth has very little evidence behind it. The fastest growth in modern American history was in the 1950s, when income tax rates exceeded 90 percent. Then the Clinton tax increases led to faster growth, and the Bush tax cuts to lower growth.  Â
[This is]( an excellent New Yorker piece about how the Sackler family built a multi-billion dollar philanthropic empire by helping to nurture the opioid epidemic. [As Iâve written]( we arrest street corner drug pushers who get a dozen people hooked, but we laud pharma executives who get 100,000 hooked.
If you watch Fox News, thereâs a lot of breathless coverage about how Hillary Clinton supposedly sold out Americaâs uranium supply to Russia. This is ridiculous huffing and puffing on a story that The New York Times originally broke in 2015. Thereâs [no indication]( Clinton even was involved in a unanimous decision by an inter-agency committee that approved the uranium deal, which in any case doesnât involve any uranium exports at all.
Now [hereâs my column]( in tomorrowâs paper about Robert Mueller in the crosshairs, and how we can try to resist the national crisis of him being fired. [Read!](
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