Trial Balloon: Hey, Let's Let the Bush Tax Cuts Expire, and Impose Higher Taxes on the Middle (and Lower?) Class

The state is hungry. It needs feeding.

But the chairman of the president’s Council of Economic Advisers admitted that health reform and a growing economy isn’t enough to bring down the deficit. She did mention one other place that revenue could come from: letting the Bush tax cuts expire.

[James Pethokoukis]: Since Obama already wants to get rid of the income and capital gains tax cuts for wealthier Americans that expire at the end of 2010, clearly what Romer is referring to is the rest of the 2001 and 2003 Bush tax cuts. Letting all the 2001 cuts — rate reductions, child tax credit marriage penalty relief — expire would raise tax revenues by $2.5 trillion through 2019.

Oh my. If only we had had some kind of warning about this. If only we had a few uneducated, boorish, stupid, wolf-hunting/unlicensed-plumbing type people who were so comfortable in their Being There sort of retarded purity they could sounded alarm bells and asked the media to inquire into The Socialist's actual agenda and worldview.

posted by Ace at 05:02 PM

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