Paul Waldman

Paul Waldman is a weekly columnist and senior writer for The American Prospect. He also writes for the Plum Line blog at The Washington Post and The Week and is the author of Being Right is Not Enough: What Progressives Must Learn From Conservative Success.

Recent Articles

Explaining the Mortgage Interest Deduction

Biltmore House, where the mortgage is probably paid off by now. (Flickr/Steve and Sara Emry)
Something strange has happened in the past few days as we have approached the Austerity Trap (aka "fiscal cliff"). Suddenly, people are actually talking about the possibility of cutting back on the home interest deduction, a "gift," as Mitt Romney might call it, that dwarfs most others the federal government distributes (among tax expenditures, only the deduction for health insurance costs the government more). I continue to believe that there's just no way Congress is going to touch the MID, cherished as it is by so many. But I could be wrong, and this is a good time to brush up on where the deduction came from and what its consequences are. The mortgage interest deduction came about essentially by accident. When the Constitution was amended in 1913 to allow for an income tax, Congress made all interest payments deductible. Mortgage interest wasn't mentioned specifically, and there was no suggestion that this was something necessary to promote home ownership. But as more Americans...

The Ovaltine Summit in the Oval Office

(AP Photo/Gregorio Borgia)
Romney: Thanks for having me here to the Oval Office to bury the hatchet, Mr. President. I know we both care deeply about America and its future. Obama: Really? Because that's not what you said about me during the campaign. You said I didn't understand America and I had foreign ideas. Romney: Oh, that was just campaign stuff! I didn't mean any of that. What is it the kids say? Don't hate the player, hate the game. Obama: You getting a little hip-hop on me there, Mitt? Romney: Well sir, I've long prided myself on my ability to be "down" with young people and their culture. And as I understand it, even many white kids listen to hip-hop these days. Imagine that! Obama: Yeah. Anyway, how's the post-political life treating you? Romney: Not too bad, although I have to admit it's a little slow. I know you're going to say, "Hey, he's rich, he must spend his days literally bathing in cash and gold coins like Scrooge McDuck." Common misconception. My money isn't in cash in a room in my house,...

Grover's World

Flickr/Donkey Hotey
(Flickr/Gage Skidmore) Grover Norquist W ashington is full of advocates and lobbyists, working in organizations both large and small. The ones that we think of as the most powerful, like the AARP or the U.S. Chamber of Commerce, are huge operations with armies of people swarming Capitol Hill and deluging reporters with press releases. Then there's Grover Norquist. One guy (actually a guy with an organization, Americans for Tax Reform), with one issue who has done such a spectacular job of bending Washington to his will that he has become a national figure. In the upcoming Congress, there will be 234 Republicans, 219 of whom have signed The Pledge, the promise never to raise taxes. In the Senate, there will be 45 Republicans, 39 of whom have signed. The Pledge (you can see it here ; it's all of 60 words) commits its signatories not only to "oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses," but also to "oppose any net reduction or...

The Rewards and Pitfalls of Ideological Dissent

Bruce Bartlett, talking to a bunch of liberals.
At any given time, there will be a few people celebrated among partisans on each side in Washington because they have left their own tribe and come to the other side to assure them that their opponents are just as terrible as they imagined. The apostate promises not only a validation of what you believed, but a thrilling insider perspective on the other side's true nature. Becoming one of these dissidents is surely painful, but it also promises both professional opportunity and intellectual satisfaction, as you may well find yourself lauded more often and more loudly than you had been when you were just one of hundreds of operatives or thinkers on your own side. In the American Conservative , Bruce Bartlett, a longtime conservative who served in the Reagan and George H.W. Bush administrations, worked at numerous conservative think-tanks, and was a member in good standing of the right's intellectual elite until he turned on George W. Bush and began rethinking some of his ideas about...

Why Obama Won't Be the One to End the War on Drugs

Not this guy.
In New York magazine, Benjamin Wallace-Wells has a long article about the failure of the War on Drugs, in which he says, "Without really acknowledging it, we are beginning to experiment with a negotiated surrender." This is in reference to the recently passed marijuana legalization initiatives in Colorado and Washington, which will likely be followed by other states in upcoming elections. Hanging over these policy changes is the still-to-be-determined reaction of the Obama administration, which hasn't yet said whether it plans to send DEA agents to crack down on the businesses these laws allow for, or the growing operations they'll produce. And I'm beginning to suspect that the administration will try to set some kind of policy course intended to be as low-key and neutral as possible, neither giving the two states the green light to proceed as their new laws envision, nor embarking on some kind of dramatic and visible crackdown. Why? Because that's what Barack Obama appears to want...

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