NoaIzumiConservatives on Obama Tax Cut: We're Shocked, Shocked!
January 8th 2009 21:05
This is an editorial from Townhall.com, but I've seen many others recently just like it.
Democratic Tax-Cutters on the Loose, by Bill Murchison
OK, why is Obama’s proposed tax cut such a surprise? A middle-class tax cut was a key plank in his platform all through the campaign. It was in his acceptance speech at the convention, it was on his campaign website, and it, along with McCain’s tax plan, was the subject of several comparative analyses in the media. Did conservatives just miss it? Or do they think left-wing bloggers just missed it?
Or is this a new strategy? Claiming that he was a far-left liberal/Communist didn’t work, so now people are claiming he’s really a conservative?
“it became obligatory for Democrats and their backers in the mainstream media to portray low, or lowish, tax rates as a gift to the haughty rich and a cause of growing "inequality."”
Except that the tax cuts that Democrats opposed this decade were in fact geared more towards the wealthy, such as the one Bush backed that passed in 2003, which gave the proportionally largest cut to the highest tax bracket.
Really Long Link
(What I found most interesting was that it included a tax increasefor middle-class heads-of-households)
Ditto with the tax changes that McCain proposed during the campaign.
Really Long Link
“The Reagan administration cut taxes. Work and investment soared. In due course the economy bounced back.”
Another argument that correlation equals causation. If an economic upturn takes place after a tax cut, then it must have been the tax cut that caused the economic upturn. Never mind the lower interest rates, the reduced price of oil, increased government spending, and the uplift in general well-being in the country after Reagan was elected. None of those could have had anything to do with it. Not to say the tax cuts had no effect at all, but to give them 100% of the credit is ridiculous.
But, since it's a Conservative Truth, it's probably not the last time I'll be saying that.
Democratic Tax-Cutters on the Loose, by Bill Murchison
OK, why is Obama’s proposed tax cut such a surprise? A middle-class tax cut was a key plank in his platform all through the campaign. It was in his acceptance speech at the convention, it was on his campaign website, and it, along with McCain’s tax plan, was the subject of several comparative analyses in the media. Did conservatives just miss it? Or do they think left-wing bloggers just missed it?
Or is this a new strategy? Claiming that he was a far-left liberal/Communist didn’t work, so now people are claiming he’s really a conservative?
“it became obligatory for Democrats and their backers in the mainstream media to portray low, or lowish, tax rates as a gift to the haughty rich and a cause of growing "inequality."”
Except that the tax cuts that Democrats opposed this decade were in fact geared more towards the wealthy, such as the one Bush backed that passed in 2003, which gave the proportionally largest cut to the highest tax bracket.
Really Long Link
(What I found most interesting was that it included a tax increasefor middle-class heads-of-households)
Ditto with the tax changes that McCain proposed during the campaign.
Really Long Link
“The Reagan administration cut taxes. Work and investment soared. In due course the economy bounced back.”
Another argument that correlation equals causation. If an economic upturn takes place after a tax cut, then it must have been the tax cut that caused the economic upturn. Never mind the lower interest rates, the reduced price of oil, increased government spending, and the uplift in general well-being in the country after Reagan was elected. None of those could have had anything to do with it. Not to say the tax cuts had no effect at all, but to give them 100% of the credit is ridiculous.
But, since it's a Conservative Truth, it's probably not the last time I'll be saying that.
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