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

To: DuckTapeSunroof who wrote (46984)	11/8/2010 6:40:06 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Not necessarily. Once again Many tax cuts increase taxes on some people. That doesn't make them a tax increase. If specific short term tax breaks are allowed to expire as part of or in the context of a broader tax cut then there was a tax cut, not an increase. Adding on to that, if the total tax burden goes down, then it isn't a tax increase. If it goes up than it is a tax increase. Edit - You can look more narrowly at parts of the tax changes and say "its a tax increase on X", or "its an increase in the Y tax", even if the overall tax change is to a lower total tax burden, but that shouldn't be spun in to a general tax increase. Also I'd treat one off taxes cuts differently than longer term temporary tax cuts. Many, perhaps most, "permanent" tax rate changes don't last the 10 years of the Bush tax cuts. I'd esp. consider them as different things when the one offs are not cuts in rates, but are refundable credits, essentially handouts through the tax system, as is the case with many of Obama's "tax cuts".