Incline Left!

Just another WordPress.com site

Who’s perpetuating “class warfare”?

Paul Krugman again nails the “starve the beast” agenda of the Regressive Cheap Labor Conservatives.

On the soon to expire tax cuts for the wealthy, he notes:

Why the cutoff date? In part, it was used to disguise the fiscal irresponsibility of the tax cuts: lopping off that last year reduced the headline cost of the cuts, because such costs are normally calculated over a 10-year period. It also allowed the Bush administration to pass the tax cuts using reconciliation — yes, the same procedure that Republicans denounced when it was used to enact health reform — while sidestepping rules designed to prevent the use of that procedure to increase long-run budget deficits.

Remember, the Obama proposal (which is expensive in and of itself) will continue the tax cuts for people making $200,000 and less.
When you hear alarmist rhetoric from Regressives, read Krugman, or go to the Tax Policy Center and check out the facts.

Advertisements

August 23, 2010 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: