Thursday, July 19, 2012

Definitely the headline of the day

A friend of mine from Colorado called the following to my attention.

Tax Cut, Cold Cuts 

Here's part of what it says: 

"President George W. Bush's original rationale for cutting tax rates in 2001 was to get rid of a sizable budget surplus at the end of the Clinton Administration. Remember? 

"President Bush, Vice President Dick Cheney and Republican Congressional leaders swore up and down that tax cuts would pay for themselves, even though such claims were disputed by the U.S. Treasury Department and Congressional Budget Office. 

"Pushed into law through the same budget reconciliation process used to pass President Obama's Affordable Care Act in 2009, the tax cuts were programmed by Congressional Republicans to expire in ten years to limit their ultimate price tag. So, how does the scheduled expiration of Republican tax cuts now become an Obama tax increase?"

There's more and it's really good. I'd like to recommend that you click through and read the whole thing. ~~~

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