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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (46492)	10/15/2010 4:07:40 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Re: [tax decreases] "Both false" Hundreds of Billions in tax DECREASES have been signed into law by President Obama. (Greatly outweighing any increases.) I terms of the taxes paid so far maybe, not in terms of the total tax burden over the coming years if no other changes where made, since the tax cuts that where passed where almost all temporary. (And quite a few of them, the refundable tax credits, are more like spending than tax cuts.) But even if you only want to consider the short term effect, its still false, because there have been tax increases already. Saying there had not been, saying "Nothing has been implemented thus far in the President's term save tax decreases" is simply false. I care FAR MORE about what they ACTUALLY DID IN REALITY. What they actually did in reality was to implement the tax cuts for as long of period as they can, they where prevented from implementing them for longer, or "permanently" by the Democrats in congress. So what the Democrats actually did was (assuming the tax rates do go back up), is cause taxes to be higher for 2011 than they are now. (He made the political decision to push for only temporary tax changes that would SUNSET. He did that so the DEFICIT PROJECTIONS would appear lower because he could claim that that tax revenue would COME BACK after ten years.) He did it because that was the only way the tax cut would pass. Not so much about what could be claimed, but what could be done.