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View Article  Pundits Preview 2008
With the 2007 campaign almost over, the 2008 campaign is a hot topic among the professional prognosticators.  Two respected political pundits summed things up pretty well this week.  Here are some excerpts of what they had to say.

Larry Sabato, director of the University of Virginia's Center for Politics, in his latest Crystal Ball newsletter, discusses the prospect of a difficult race for Senator McConnell:

"We rather doubt it, though we reserve judgment until we see the name of the Democratic nominee. McConnell has already socked away a great deal of money, and there is no one shrewder in politics than he, so any Democratic candidate will have an uphill battle."

Likewise, Chris Cillizza recently pondered the subject on washingtonpost.com’s The Fix asking “Is Mitch McConnell the next Tom Daschle?”  

A perceived difference between what McConnell says in Kentucky and what he does in Washington is dangerous to him politically; it was a chasm that Daschle, who was serving as leader of Senate Democrats during his 2004 re-election bid, was unable to bridge. Republicans effectively used positions Daschle was forced to stand behind as leader of the party to paint him as a Washington insider divorced from the beliefs and views of everyday South Dakotans. McConnell, like Daschle, has been pummeled on television by a variety of outside groups for stand he has taken as a GOP leader.

That brings us to the "but" part of our answer to the question of whether McConnell can be beaten.

The comparison between Daschle and McConnell works only to a point. While Daschle was a Democrat running in a state where Bush won by 22 points in 2004, McConnell is running as a Republican in a state that Bush carried by 20 points that same year.

The average South Dakota voter was clearly more conservative than Daschle and was open to an argument that he had "gone Washington." The average Kentucky voter is probably relatively close to McConnell ideologically even if they have soured on Bush and the war in Iraq.

The other major factor in McConnell's favor are his widely acknowledged -- even by Democrats -- fundraising and political skills.

At the end of September, McConnell had $6.8 million on hand and had already raised more than $9 million total for his race to date. Given his leadership post, McConnell will be able to raise and spend a lot of money -- ensuring that whoever runs against him is likely to be outspent, even when factoring in the huge financial advantage the Democratic Senatorial Campaign Committee has over its Republican counterpart. Any Democratic challenger to McConnell will start in a HUGE financial hole that McConnell will do his best to dig deeper over the next few months.

And, love him or hate him, McConnell is a VERY savvy politician who understands what he needs to do to get elected even in an extremely tough political environment like this one. After defeating a Democratic incumbent in 1984, McConnell crushed former Louisville Mayor Harvey Sloane in 1990 and beat Beshear by 12 points six years later. In his last re-election race, McConnell took 65 percent of the vote.

Those results seem likely to keep Democrats' potential top recruit -- Rep. Ben Chandler -- out of the race. Chandler lost to Fletcher in the 2003 governor's race but bounced back to win a special election for Fletcher's Congressional seat the next year. Chandler has repeatedly expressed no interest in a challenge to McConnell and party insiders acknowledge there's no there there. (Chandler may be waiting until 2010 when Republican Sen. Jim Bunning is up for re-election.)

Without Chandler, Democrats are likely to turn to one (or several) individuals, a crowd that includes elected officials like state Attorney General Greg Stumbo state Auditor Crit Luallen, wealthy businessmen Bruce Lunsford and Greg Fischer or even failed 2006 Congressional candidate Andrew Horne.

… Regardless of which Democrat runs, McConnell will not go quietly. He has a seasoned and well-respected political team around him who understand that he could be in for a real race … In a cycle where Democrats have opportunities all over the map, this seat is still a long shot.

View Article  Congress must act now on the AMT "mistake"
Today the Louisville Courier-Journal published an op-ed piece I wrote regarding the Alternative Minimum Tax.  This outdated, poorly written potion of the tax code must be dealt with before it ensnares 25 million people this year. 

Below is the entire text of my op-ed.  And I also encourage everyone reading to call their elected officials in Washington at (202) 224-3121 to encourage them to fix this problem immediately -- and to do so WITHOUT raising more taxes.

Reversing the sting of the AMT

By Mitch McConnell

Special to The Courier-Journal

Americans aren't surprised anymore when liberals in Washington call for a tax hike. But they would be surprised to learn that thanks to a mistake in the tax code called the Alternative Minimum Tax (AMT), Congressional liberals can sneakily raise taxes every year -- without even holding a vote.

And if Congress doesn't act soon to stop this, tens of millions of Americans, including about 174,000 families in Kentucky, will be hit with the AMT on April 15. The overwhelming majority that has never faced it before won't believe the unpleasant surprise.

You may have never heard of the AMT and think it doesn't affect you. That's because the AMT is a "stealth tax" that grows to attack more and more unsuspecting taxpayers every year, making it a massive, middle-class tax hike.

Congress created the AMT in 1969 to target a reported 155 wealthy Americans who, through legal deductions, managed to pay no income tax. At the time, the law was designed to affect only two out of every million taxpayers.

But that law failed to take inflation into account when deciding who was "wealthy enough" to have to pay the AMT. As a result, millions of middle-class Americans who the AMT was never intended to reach are now falling into the AMT tax trap.

Millions more will feel the AMT's sting if Congress fails to act soon. In the past, Congress has passed quick-fix laws to exempt many taxpayers who otherwise would be vulnerable to the AMT.

But with no law to do that on the books for 2007, the number of tax filers forced to pay this stealth tax will grow from 3.5 million in 2006 to over 25 million in 2007 -- to the tune of $65 billion shifting from American families to the government's coffers. And about 174,000 of those families will be right here in Kentucky.

Congress tried to right this wrong before. We passed, and I proudly supported, a permanent repeal of the AMT in 1999. Unfortunately, Bill Clinton blocked it with his veto pen. Since then, the number of taxpayers targeted by the AMT has only grown.

Now it's time for Congress to fix its mistakes and show Americans they understand the unfairness of the AMT stealth tax. Millions of people are paying more to the government than intended, all because of a poorly written law.

Some liberals in Washington are willing to repeal the AMT, but only if they get to raise your taxes elsewhere to make up for it. They don't view repealing the AMT as a way to protect taxpayers but as an excuse to raise more taxes. That's wrong.

We should repeal this middle-class tax hike entirely -- without raising taxes elsewhere. This is tax revenue the government never intended to collect; eliminating this stealth tax will protect millions of families from an unwelcome tax hike.

Whatever Congress does, it needs to act now. It's unfair to leave millions of taxpayers uncertain of what they will owe the tax collector on April 15.

And it's wrong to subject the American people to a sneaky, creeping tax hike that grows to encompass more taxpayers each year without a single vote in Congress.

We need tax relief now. The best way to start is with the permanent repeal of the outdated and poorly written law creating the stealth middle-class tax hike of the AMT.

Mitch McConnell, a Louisville Republican, is the U.S. Senate minority leader.
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