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A Time for New Ideas

smcclendon Wrote: Dec 14, 2012 12:00 PM
Breaking up the "Too big to fail" banks would require an increase in government power. How about just not bailing them out? No subsidies for anyone!!

Peggy Noonan argues that now is a time for Republicans to come up with new ideas -- not just new messaging, but new ideas.  So let's try it (feel free to contribute in the comments!).

She advocates:

1. Breaking up the "too big to fail" banks;

2. Doing away with the carried interest deduction.

In a powerful piece yesterday, Victor Davis Hanson made some excellent suggestions, too (some presumably with tongue in cheek), but among them are:

1. Those who leave government and immediately make $1 million or more pay 50% in income taxes;

2. End state subsidies and...