Obama Adviser to Maddow: They‘re ’Obama Tax Cuts’ Not Bush Tax Cuts
- Posted on December 10, 2010 at 10:18am by
Jonathon M. Seidl
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Obama’s chief economic adviser Austan Goolsbee wants you to remember that Obama cut taxes. In fact, he even went as far as to scold Rachel Maddow for calling them “Bush tax cuts” on her show last night:
It seems odd that Goolsbee would try to assuage Maddow and Democrats’ anger by claiming that many of the Bush-era tax cuts are actually Obama tax cuts. That doesn’t seem like a good move. Additionally, the claim is debatable, and only technically true at best.
Goolsbee seems to be referring to tax cuts that went into effect this year as part of the stimulus package. Those cuts were part of a campaign promise by Obama to “cut taxes for 95 percent of Americans.” PolitiFact looks into that claim:
“We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses,” Obama said. “We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college.”
Democrats applauded, while Republicans were silent for the most part. In one of the unscripted moments of the night, Obama looked at the Republican side of the room, smiled and said, “I thought I’d get some applause on that one.”
Here, we wanted to check Obama’s statement that he cut taxes for 95 percent of working families.
The key word in his statement is “working.” Obama’s claim is based on a tax cut intended to offset payroll taxes. Under the stimulus bill, single workers got $400, and working couples got $800. The Internal Revenue Service issued new guidelines to reduce withholdings for income tax, so many workers saw a small increase in their checks in April 2009.
The tax cut was part of Obama’s campaign promises. During the campaign, Obama said he wanted $500 for each worker and $1,000 for working couples. Since the final number was a bit less than he promised, we rated his promise a Compromise on our Obameter, where we rate Obama’s campaign promises for fulfillment.
During the campaign, the independent Tax Policy Center researched how Obama’s tax proposals would affect workers. It concluded 94.3 percent of workers would receive a tax cut under Obama’s plan based on the tax credit to offset payroll taxes. According to the analysis, the people who wouldn’t get a tax cut are those who make more than $250,000 for couples or $200,000 for a single person. Obama said he intended to raise taxes on those high earners, a promise he reiterated during the State of the Union, and that revenue would offset the stimulus tax cut. [Emphasis added]
But if you look back at the campaign promise, it wasn’t that the president would cut taxes for 95 percent of working Americans, it was 95 percent of all Americans. The American Spectator covered the story back in 2008:
“We are going to cut taxes for 95 percent of Americans,” Barack Obama’s campaign manager, David Plouffe, said in the spin room here at Hofstra University following the final debate of the 2008 presidential election.
Plouffe was repeating one of the boldest claims made by the Obama campaign. It’s a claim that the Wall Street Journal editorial board dubbed “Obama’s 95% Illusion,” noting that more than a third of Americans don’t pay any income taxes, and that what Obama’s plan does do is offer a raft of subsidies and government payments to individuals and families that he redefines as “tax cuts.” His proposal looks more like a redistribution scheme than an honest effort to reduce taxes — as he revealed on Monday when he told a now famous Ohio plumber that his plan aimed to “spread the wealth around.”
So when Plouffe reiterated the 95 percent claim, I asked him a simple question aimed at clarifying whether Obama’s tax plan was about cutting rates, or merely handing out government checks. “What rates would actually go down”? I asked.
“Middle class people are going to see, systemically, their taxes reduced, and small businesses,” Plouffe responded.
“But what rate would go down for lower-income Americans?” I persisted, seeking more information.
“We’ll have to get you the exact details on that,” Obama’s campaign manager told me.
I followed up, recapping the claim he had just made moments ago: “Well, you said that there’s going to be a tax cut on 95 percent, so what rate would go down?”
He replied, “I’ll have to get you the exact rate differential.”
And to add insult to injury, the Associated Press fact-checked this spring the administration’s claim that Obamacare would cut taxes for businesses. That got hit with the old “bait and switch” tag:
WASHINGTON (AP) – Zach Hoffman was confident his small business would qualify for a new tax cut in President Barack Obama’s health care overhaul law.
But when he ran the numbers, Hoffman discovered that his office furniture company wouldn’t get any assistance with the $79,200 it pays annually in premiums for its 24 employees. “It leaves you with this feeling of a bait-and-switch,” he said.
When the administration unveiled the small business tax credit earlier this week, officials touted its “broad eligibility” for companies with fewer than 25 workers and average annual wages under $50,000 that provide health coverage. Hoffman’s workers earn an average of $35,000 a year, which makes it all the more difficult to understand why his company didn’t qualify.
Lost in the fine print: The credit drops off sharply once a company gets above 10 workers and $25,000 average annual wages.
It’s an example of how the early provisions of the health care law can create winners and losers among groups lawmakers intended to help—people with health problems, families with young adult children and small businesses. Because of the law’s complexity, not everyone in a broadly similar situation will benefit.
Maybe Goolsbee shouldn’t be so proud of those “Obama tax cuts.”
(H/T: Business Insider)
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Comments (107)
capitalismrocks
Posted on December 10, 2010 at 11:19amThese tax “RATES” done by President Bush 10 years ago, long before Obama was even smoking during breaks in Congresss, were passed…. Obama has NOTHING to do with them….
In fact, if the GOP had no won the 2010 Midterm elections, all we would be seeing are Obama Tax HIKES, the only taxes that have Obama’s name on it are HIKES!!!! Don’t again, allow the Democratics to attempt to steal Republican accomplishments, as they tried to steal credit for Civil Rights from the Republicans, because if it wasn‘t for the Republicans there wouldn’t be a black President or even a black Mayor in this day and age.
Report Post »Oldphoto678
Posted on December 10, 2010 at 3:07pmYou’re full of it. Progressives get the credit for the Civil Rights act.
Report Post »matinva
Posted on December 10, 2010 at 11:12amAustan Goolsbee, another liberal liar of colossal proportions. Shame on the ‘press’. The ‘press’ in this country is a fraud permitting liberals to deceive Americans and not challenge their ridiculous assertions regarding taxation and spending. Unfortunately, members of the press are, almost entirely, unqualified to be reporting on financial matters. A degree in journalism doesn’t mean you know your a$$ from a hole in the ground regarding financial circumstances dealing with taxation, health care, regulatory reform or anything else for that matter. Just listen to the questions they ask politicians, particularly the president. They are just as clueless as he is.
Report Post »MozarkDawg
Posted on December 10, 2010 at 11:10am>Obama’s chief economic adviser Austan Goolsbee wants you to remember that Obama cut taxes. In fact, he even went as far as to scold Rachel Maddow for calling them “Bush tax cuts” on her show last night:
******
Let me scold Mr. Goolsbee, and more kindly inform the rest of people who don’t seem to know how this country works, they aren‘t Obama’s tax anything, nor were they Bush’s tax anything, neither Clinton, Bush, Reagan, Carter, etc., etc., etc.
If I may:
The Constitution of the United States, Article I, Section 8 — Powers of Congress:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Regardless it is the president who by signing legislation enforces it into law, only CONGRESS has the power to raise or lower taxes. At what point do we assess the proper credit or blame for this stuff, eh?
Report Post »Gas137
Posted on December 10, 2010 at 11:03amI think Obama realizes that Bernanke is right. We are at the limit of our ability to recover from this economic crisis. We cannot risk going over the line by eliminating the Bush tax cuts, reducing the ability of people to spend and keep the economy going.
Report Post »RightUnite
Posted on December 10, 2010 at 11:00amSomeone needs to tell the freaks in the WH, they’re NOT TAX CUTS! NOT TAX CUTS! What a bunch of tools!
Report Post »Mikee T
Posted on December 10, 2010 at 10:56amOkay…..let me correct these two idealogues….once again. They are not tax cuts, they are a continuation of our current tax policy. It is NOT a stimulus, because we have had these tax rates for many years and we are still in trouble….the problem is the massive size of government and they have a SPENDING problem…….period…. In addition, the only reason they are calling it a “tax cut” is because they are using base-line budgeting……in other words….they spent spent spent spent in the last two years “assuming” they would have a much larger tax revenue base…moronic thieving @ricks…
Report Post »Hokiedad
Posted on December 10, 2010 at 12:43pmThe goose that lays the golden eggs is out of eggs!!
Report Post »JohnnyJT
Posted on December 10, 2010 at 10:55amWhen will everybody learn that they are Not Tax Cuts at all.
Report Post »Jillymac_USArmy81
Posted on December 10, 2010 at 11:38amAnd Tax Cuts NEVER add to the deficit! Spending does…They should have drastically cut taxes in Jan 2009 before they wasted the 3 trillion in the past months.
Report Post »Jillymac_USArmy81
Posted on December 10, 2010 at 11:51amI meant last 22 months
Report Post »Jillymac_USArmy81
Posted on December 10, 2010 at 10:52amIt just goes to show how really dysfunctional MSNoozeButtonChannel is..last night on PsychoTalkEd show he said the evil republicans will call this new tax package the Obama Tax Cuts so they can blame him in 2012….I swear he is not just in denial but probably Bipolar….he talks to the Pres on his show like he runs to the TV at 6 just to get his advice. Of course when they are not pleading with him to do what they demand because after all they were responsible for putting him in the white house they accuse Fox News of the same crimes that they are guilty of so blatantly but that is ok. What would they cry about if they didn’t have Fox or the 80% of the US who are not liberals? They act like they are still in High School and are so angry cuz they can’t hang with the popular kids!
Report Post »Tractor
Posted on December 10, 2010 at 10:50amElecting 0bama is the worst mistake America has made since Jimmy Carter.
Report Post »Its Gonna Getcha
Posted on December 10, 2010 at 10:42amMary Poppins would just say Supercalifragilisticexpialidocious.
Report Post »Sinista Mace
Posted on December 10, 2010 at 10:41amThat’s OK.
Ron Paul got his commitee seat on the Monetary Policy.
Report Post »Sinista Mace
Posted on December 10, 2010 at 10:40amWhy don bush and Obama both shut the hell up?
It isn’t either of “theirs”.
IT’S OUR MONEYYYYYYYYYYYYYYYYYYY!
You can’t give us what is already ours and claim it as a gift.
Report Post »Dandylyon
Posted on December 10, 2010 at 10:48amRead what the “elites” say,“we are cattle being hearded into paying there debt”.
Think about it.
Report Post »Tractor
Posted on December 10, 2010 at 10:37amThe past 2 years has been nothing but a political nitemare. I have lost confidence in America doing the right thing because if this were so 0bama would have been removed from office a long time ago.
Report Post »The only hope is to not allow him a re-election in 2012.
taebaggranny
Posted on December 10, 2010 at 1:53pmImpeach because he’s a liar?? In that case we would have to impeach the whole congress!!! Hmmm not a bad idea!!
Report Post »Dandylyon
Posted on December 10, 2010 at 10:34amThis is all the left has,the progressive‘s have done nothing to help the country and they sense that extending the tax cuts will help so now they are stealing Bush’s tax cuts.SAD and PATHETIC but typical of the admin running the country.
I guess the idiots on the left will belive this moron’s statement but the other 75% of the nation won’t.
Report Post »REVENANT
Posted on December 10, 2010 at 10:32amStealing the gold, spewing the feces.
Report Post »oldasdirt
Posted on December 10, 2010 at 10:32amI knew it!!!! All we had to do to get the tax code reinstated was put Obamas name on it,and stop calling Bush’s tax code.
Report Post »The dems are like spoiled kids.
Sledgehammer
Posted on December 10, 2010 at 10:31amThis keep getting better and better, NO ONE in this administration has a clue as to the real world “gping ons”. If they did, we be on our way out of the woods! By the way my faith in the economy, is based on people like us here, (and yes some libs)! I repair small engines, on prices agreed to with a hand shake, and never have been stiffed. That says something about the quality of a person soul!
Report Post »mtnclimberjim
Posted on December 10, 2010 at 10:30amthat’s nice peanut
Report Post »mtnclimberjim
Posted on December 10, 2010 at 10:28amThe line is clearer every day. Free speech is so nice when your enemy is a egomaniac. How was that my Blaze moderator friends? Too harsh for ya? Think that might offend someone, OH no the horror
Report Post »Mtn Man
Posted on December 10, 2010 at 10:26amIf Maddow was the last woman on earth I would hide.
Report Post »Gonzo
Posted on December 10, 2010 at 10:34amThat’s a woman?
Report Post »dablooz
Posted on December 10, 2010 at 10:45amIf Maddow were the last woman on Earth, women would already be extinct.
Report Post »untameable-kate
Posted on December 10, 2010 at 10:58amMaybe a hermaphrodite?
Report Post »HippoNips
Posted on December 10, 2010 at 10:25amPolitfact is not a trusted source for accurate information. They are just a handful of liberal journalist attempting to help liberal politicians control the messaging.
Report Post »makom
Posted on December 10, 2010 at 10:25amThe World is seeing Obama for what he is. The only way to beat obama is to Deny him. obama, His words describe him, He is a False Hope, If you listen to him you will love him. He carries a Bow without an Arrow. He will conquer all through his speech, his false hoods will capture all who sit and listen to him. The False one. Obama is without a doubt the Anti-Christ.
Report Post »2 Thessalonians 2:11-12
11And for this reason God will send them strong delusion, that they should believe the lie, 12 that they all may be condemned who did not believe the truth but had pleasure in unrighteousness.
Pocono Countryboy
Posted on December 10, 2010 at 10:50am“Obama is without a doubt the Anti-Christ.”
One of his followers, yes..the actual “instead of Christ” no.
The Bible says that one will come promising peace and prosperity and will sit in Jerusalem claiming to be Christ… among other things.
Report Post »JohnQTaxpayer
Posted on December 10, 2010 at 10:25amThey are tax cuts for the few remaining Americans who are paying the bills,,,,, the taxpayers
JQT
Report Post »untameable-kate
Posted on December 10, 2010 at 11:04amNotice the premise that people making one million dollars a year or more don’t work. They only consider the middle class to be hard working Americans. I think most of us work for our money, oh, except welfare recipients. Hmmm, maybe they should start there.
Report Post »snowleopard3200 {mix art}
Posted on December 10, 2010 at 11:08am@Untamable Kate
I still find it interesting that the administration makes out millionairs (1,000,000.00) to have a salary of 250,000.00 or more each year, which is only a quarter of a million dollars by anyone elses bit of simple math.
Maybe the Congress people need classes on how a calculator actually works.
Report Post »KnightLord
Posted on December 11, 2010 at 9:24am****** Read Carefully, this material is testable ********
There are three economic classes, those who work for an income, and those who don’t. The one that works for a living is continuously under assault by the other two, and is constantly being turned upon itself, the lower end against the upper end, and vice versa. We would do well to remember that only one of these three classes pays “income” taxes at all.
Those paid not to work, pay no income taxes; those interested in protecting their wealth and keeping others from acquiring wealth of their own pay no income taxes as well. The rest, the working class, or the middle class if you like, are the only ones “footing the bill”. This working class is also the one being victimized by the age old adage, “Divide and Conquer.”
Who says the truth is such a radical concept? Oh! I think it was me.
Report Post »Gonzo
Posted on December 10, 2010 at 10:23amThat’s pathetic, first he wants to blame W. for everything, now he wants to take credit for Bush’s achievements. This administration is like a bunch of teenage girls.
Report Post »@leftfighter
Posted on December 10, 2010 at 10:34amExactly. Blame Bush, extend his policy into his own administration, take the credit.
Same strategy as Iraq withdrawal timetable, Afghanistan surge, Gitmo, etc.
Report Post »Konservative PUNK
Posted on December 10, 2010 at 10:36amYou said it Gonzo! All the talk of raising taxes, closing Gitmo, Ending the War, was all just a boy’s lofty dream. Once in the Emperor’s chair, he saw reality. Now, he is consulting with Pres. Clinton on how to remain popular while governing against his base. This boy has no idea of how to lead his dog, let alone a nation.
Report Post »LSX
Posted on December 10, 2010 at 10:39amJust like the Patriot Act.
The left said is was NFG under George W. Bush but fine and dandy under the Obama, the Communist in Chief.
Report Post »snowleopard3200 {mix art}
Posted on December 10, 2010 at 10:42am@Leftfighter
Too true, their song is mostly the line of “Blame Bush….Blame bush…Blame bush…”
Report Post »CatB
Posted on December 10, 2010 at 11:25am“teenage girls” … PERFECT!
Report Post »wai2000.com
Posted on December 10, 2010 at 1:31pmIt is so dishonest of MSNBC not to point that out,
Report Post »EqualJustice
Posted on December 10, 2010 at 10:21amTHEY beat us to the RE-BRAND!!! It should OBAMA TAX INCREASES. ahhhhhh The dirty priate bandits!
Report Post »Polwatcher
Posted on December 10, 2010 at 10:30amAnyone who thinks that the discussion is about tax cuts should have their head examined.
Report Post »Konservative PUNK
Posted on December 10, 2010 at 10:30amPreposterous! Nothing is being cut! They could be called “Tax Cuts Originally Implemented by Bush, Continued During the Obama Administration“ TCOIBCDOA for short or ”Bush Tax RATES”.
Report Post »snowleopard3200 {mix art}
Posted on December 10, 2010 at 10:35amAll it amounts to is the loss of yet more money of the working public, while the government gets even more bloated on a diet of debt increases and runaway spending. The wall street journal should have actually stated it as “100% illusion“ instead of the ”95% illusion that they did.
The administration is nothing but smoke and mirrors with mostly smoke in their efforts to rewrite all of history even while it is still going on.
http://www.artinphoenix.com/gallery/grimm
LadyLiberty
Posted on December 10, 2010 at 10:38amrenewing an existing rate is not a cut.
Report Post »wildjoker5
Posted on December 10, 2010 at 10:40amIf you tell a lie long enough, some will start to believe you. It worked once already by saying the republicans are racists, even though you can thank republicans for putting an end to slavery, civil liberties, desegragation, affirmative action and so on. But some how the dems are the reason for all of that stuff in a lot of peoples minds(about 95% blacks). The ignorant will believe that these “tax cuts” came because of Obama. Make sure you always know and always correct those who say otherwise.
Report Post »snowleopard3200 {mix art}
Posted on December 10, 2010 at 10:41amJust had a thought, maybe the 95% illusion is meant as 95% delusion on the administrations part.
Report Post »Polwatcher
Posted on December 10, 2010 at 10:47amWhen Bush inplemented the tax cuts…they were actually tax cuts. When Obama trys to implement “Bush” tax cuts…they are really a tax increase.
Report Post »79USMC83
Posted on December 10, 2010 at 10:51amThe teaser today from the “Speech Giver” is that his new campaign for 2012 will be the same ole song and dance, all CAREER POLITICIANS run on. He did the “Change Thing” in 2008, so all that is left for the sheep to rally around in 2012 is TAX reform!!! Pelosi and the other Traitors will try NOT to pass anything. They have proven they do not CARE about WE THE PEOPLE but only TRANSFORMATION. So what if WE THE PEOPLE”S tax’s go up in 21 days. They really do not care about the “Middle Class” when the hidden Agenda is ONE class of sheep!! The “Speech Giver” coming out and bashing BOTH parties was for a reason. It is all about keeping “ONES” power. The “Speech Giver” knows that to keep his POWER and to be re-elected in 2012 he will have to ACT like a MODERATE. Beware of a WOLF covered in sheepskin. Why do you think he is meeting with Clinton??? I do not “Know what the definition of sex is” holds more POWER with the PARTY than the “Speech Giver” does. Power hungry people throughout history have always changed alliances. Why are many sooo fascinated with the show “Survivors” they love a good back stabbing!! The sad part about the ‘Government Stupid” is that it is WE THE PEOPLE that are always getting ambused from behind by the ones always preaching “For the good of THE PEOPLE!!
If nothing is done and WE THE PEOPLE‘S tax’s all go up. Who wins? The FAR-LEFT does because this might bring even more PROTEST from WE THE PEOPLE called Tea Partiers. Is the HIDDEN AGENDA of the FAR-LEFT to get WE THE PEOPLE in the streets and to become even MORE angry at the “Government Stupid”? Do they want violent dis-obediance to declare Marshal Law?
Why is Clinton ALWAYS in this picture? Is POWER the only thing in this man’s life? Is the “Speech Giver” really a Manchurian president for Clinton and a small group of Dictator wannabes?
TERM LIMITS NOW !!
FAIR TAX NOW !!
Report Post »Konservative PUNK
Posted on December 10, 2010 at 11:01am“There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.” -Ronald Reagan’s First Inaugural address (1981)
Report Post »CatB
Posted on December 10, 2010 at 11:24amThey are NOT CUTS! They are the rates for the past 10 years … it will be the OBAMA TAX INCREASE … if he doesn’t get it extended.
Report Post »NapoHill15
Posted on December 10, 2010 at 11:27am. . . words are important; and no one group knows this any better than those that strategize for liberalism. However, regardless of how they concoct the terminology of taxes, no matter how they create the imagery and deceptions, one thing will never change: The money that they seek is not theirs.
At the most fundamental level, their notions of taxation are no different than the notions that thieves have when they consider the money that sits inside of a bank. If they sit outside of it long enough, watching and waiting, studying the heist, in their minds they will find ways of spending each and every penny of it until they consider it theirs for the taking.
Report Post »NoDaDAZone
Posted on December 10, 2010 at 11:59am“Dada means Progressive. They are communists, socialists and anarchists. They build nothing. They destroy. They want to kill God and Liberty and Art. They want to rule the world. They are not fit to live on this earth God made”–(Salvador Dali as related to Marc Rubin in 1974)
THE DADA MANIFESTO IS THE WIKILEAKS OF THE LEFT
Know that the Dada Manifesto is their talking points and has seeped into their brains as a mental disorder From Dada Manifesto: .”Logic is a complication, The truth is always false…We throw heaven‘s hand into hell and hell’s hand to heaven…after the carnage we are left with the hope of a purified humanity”
After the Carnage of WW1 in Europe, Communist-Socialist-Anarchist thugs didn’t get much juice for their politic until they merged and adopted with the Dada Ant-Art movement and got the talking points and strategy to attack civilization
This video, by artist Marc Rubin, explains how they have worked people for 100 years: http://www.marcrubin.com/dada2.ivnu . Read the Dada Manifesto on the Dada Home Page Link” You will see DADA is everywhere, but we can win with ridicule, knowledge and Art which unites us.
THE META-FACTS OF HISTORY SINCE 3000 BCE is the Progressive “framework”. See how it emerged as a consequence of natural disaster and caused the first wars of civilization.Listen: Israel National Radio interview of artist Marc Rubin at http://www.marcrubin.com/judean-
Report Post »Hokiedad
Posted on December 10, 2010 at 12:36pmLet me explain in Washingtonian just what a tax cut actually is. Let‘s say for arguments sake we have a government program that costs 5 billion dollars and it doesn’t work (what a stretch huh?) You figure that if we could just spend 15 billion for said program instead of 5 billion it would work better, so you propose this spending increase for your pet program. Now if when the bill comes up you only get 10 billion dollars for your program, THAT is a 5 billion dollar cut. Got it? Now multiply that by hundreds of programs and you can begin to see the problem. A billion here and a billion there, pretty soon you’re talking alot of money!
Report Post »americanidiot
Posted on December 10, 2010 at 12:50pmI think the Dems said it best when they said F@#% Obama! I can’t believe that he is so stupid he has managed to get both sides of the isle mad at him. I predict he will go down as the most disrespected and unproductive president ever. This guy had no business being a senator much less the leader of the greatest country in the history of the world.
Report Post »CultureWarriors
Posted on December 10, 2010 at 1:12pmHypocrites! I thought they’ve been telling us that tax cuts caused the massive debt! You don’t think the President and the Democrats would lie do you? ;-)
http://www.youtube.com/watch?v=y8DnA4Ro9tQ
Report Post »http://www.youtube.com/watch?v=aIoEUTqhYmA
what4
Posted on December 10, 2010 at 8:49pmYep, just talking to all of their Homers!! Doh!!
Report Post »wildjoker5
Posted on December 10, 2010 at 10:04pmIt is funny. How is it if I don’t give you $10 of my own money is it considered you “loosing” $10? How do people ever believe this philosophy?
Report Post »dont ****** me bro
Posted on December 11, 2010 at 10:29amThe original cuts were TEMPORARY…they wree DESIGNED to expire…and now they were renewed…new cuts. It is a travesty that the top two percent in terms of wealth also got the cut but who cares about national debt anyway
Report Post »valricoslash
Posted on December 11, 2010 at 11:16amYou got it right. Once Bush cut the taxes they became the current tax rate. If Obama and Dem moros in congess allow them to expire, then any incease in taxes would squarely be hing around Obama’s neck and that of the Democratic party. But maybe that is his plan. He wants them to go up so that he can cut them again and claim the tax cuts are his. Its like when clinton claimed that he reduce taxes and the budget defict when in reality it was the Republican congress that did it and he came along for the ride only to come out smelling like a rose in the end. What the moron in congress don’t understand is the chaos they will cause to every business across the country when these taxes go up and investors dump all their stocks that will turn the stock market into turmoil. They will be the presiding congress, and teh next election will result in another Republican sweep that will make the Democratic party irrelavant for years to come.
Report Post »BoiseBaked
Posted on December 12, 2010 at 12:14pmIs there a “Rachel Maddow gives me the creeps” support group I could join?
Report Post »