Obama: Hey, I've Got a Great Idea. How About Automatic Tax Hikes That Pass Into Law Without A Vote If We Spend Too Much?

Ah, I didn't catch this. His idea about the automatic "spending cuts" was coupled with the automatic "spending reductions," which is his new code for tax hikes.

He says that if his plan, which doesn't exist, fails to cut spending, which it isn't actually designed to do, some sort of mechanism of automatic "spending reductions" will go into effect.

Which means tax increases. Like reducing the wasteful "spending deduction" of your personal exemption, thereby taxing more of your income.

He views it as unnecessary spending when the government lets you keep your money, and his plan is to have an automated system to keep this money from going out the government door (by which he means remaining in your pocket).

And, even better, at its heart is something the Democrats have always wanted: The ability to raise taxes without even having to risk the public outcry from voting for it.

Per Obama's plan, whenever the government didn't balance its books, "spending reductions" go into effect, like clockwork machinery without further human aid, and just take as much of your money as needed.

Well, he sure is transformative. That much I'll give him.

Via Instapundit.

posted by Ace at 05:46 PM

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