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Time For A Bundler's Tax? Is Clinton Bailing?

ABC News is reporting that President Barack Obama intends to raise from “bundlers” $1 billion for his presidential campaign. As yet, no one who vigorously supports campaign finance regulation has suggested that a confiscatory progressive tax should be levied against the millionaire bundlers, proceeds from the tax to be deposited in accounts supporting public financing. Among the eager bundlers who showed up in Washington to lend a hand to Mr. Obama was Ned Lamont, the progressive heartthrob and anti Iraq war warrior who, drawing upon his own considerable resources, successfully challenged present Sen. Joe Lieberman in a primary a few years ago. Mr. Lamont lost to Mr. Lieberman, who is retiring at the end of his term, in a rancorous general election. Within the Democratic Party, U.S. Rep. Chris Murphy, who styles himself as a progressive in some political ads, has rounded up a good deal of support within his party in a bid for Mr. Lieberman’s seat in the U.S. Senate. No one ye...