Wednesday, December 8, 2010

Deceptive Posturing on the Tax Deal

First:   There's been no income tax "giveaway" to "the wealthy" or to anybody else.

  Obama's Tax Deal doesn't cut any income tax rates.   It just doesn't raise them.

  And you can't "give away" to anybody something that already belongs to them.   Your income is yours, not the government's.   You just have to pay some tax on it.
Secondly:   No.   Avoiding a tax increase doesn't make the deficit worse.
Because if the Left had its way, government would spend the money anyway.

Katrina vanden Heuvel in yesterday's Washington Post:
The $60 billion each year in Bush tax cuts for the richest Americans could pay for universal preschool for America's children, or tuition and board for half of America's college students.
Nice things to do.   But spending in that way the money gained through a big tax hike does nothing to reduce the deficit.

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