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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (47004)11/9/2010 1:27:09 PM
From: TimF  Read Replies (1) of 71588
 
Did you even bother to *read* what I wrote before responding?

Yes and I replied to it.

Many of Obama's so called cuts are questionable as actually being tax cuts. A one off refundable credit is just giving money to people through the tax system, its more spending than cuts. So its not inconsistent, to consider them differently than 10 year long cuts on rates.

Also as I've said multiple times now - Many tax cuts increase taxes on some people. That doesn't make them a tax increase. To the extent you let actual tax cuts from Obama expire, its not a tax increase if you also cut other taxes, reducing the net tax burden. (And if you void other larger planned increases, rather than making actual tax cuts, its ambiguous, whether the package amounts to a tax cut, a tax increase, or neither.)
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