The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Will One In Four Go To One In Five?

Posted on | September 8, 2010 | 51 Comments

by Smitty (the Corner)

The notion of ‘tax cuts’ seems worth revisiting. The idea that the Federal government has eminent domain over all US wallets, while enshrined in the 16th Amendment, is increasingly repugnant. Now we have a President, of whom roughly one in four strongly approve, talking about even further wrong-headed action against the economy:

It is not clear that Mr. Obama can prevail given his own diminished popularity, the tepid economic recovery and the divisions within his party. But by proposing to extend the rates for the 98 percent of households with income below $250,000 for couples and $200,000 for individuals — and insisting that federal income tax rates in 2011 go back to their pre-2001 levels for income above those cutoffs — he intends to cast the issue as a choice between supporting the middle class or giving breaks to the wealthy.

In a speech in Cleveland on Wednesday, Mr. Obama will also make a case for the package of roughly $180 billion in expanded business tax cuts and infrastructure spending disclosed by the White House in bits and pieces over the past few days. He would offset the cost by closing other tax breaks for multinational corporations, oil and gas companies and others.

What isn’t clear is whether continuing to pillage the public wallet will drive the approval rating to around 20% immediately, or whether seeing the pink slips and diminished pay stubs in January will do the trick.

Borrowing a DoD term, we need a zero-based review of all the crap that Washington DC (Distributor of Cash) is doing. The discussion about ‘cutting’ taxes gives too much ground outright to the government. Let’s discuss cutting services, insofar as existing government activities serve anyone but the Federal government itself.

Related, via Insty, we have Veronique de Rugy pointing out that the CBO estimates are AFU, FYI.  WTF?  They use only the finest polyhedral dice.  That’s it. Johnny Lang, do your thing:

And then there is this awesome Doug Powers title: “The Barack Obama Experience — Taxes: Bold as Love” I am so not worthy, in a Wayne’s World context. This is a variation on the #ObamiHendrix hash tag started, I think, by that Iowahawk character. More info on the context from the Saintly Camper.

Category: Barack Obama, Instapundit

Comments

51 Responses to “Will One In Four Go To One In Five?”

  1. Randy Rager
    September 8th, 2010 @ 11:52 pm

    “Bush tax cuts are such a great idea, then why didn’t he make them permanent?”

    “which come to think of it aren’t really Bush’s”

    So I was right all along and you were a typical fucking dipshit liberal (but I repeat myself, twice) in that you were wrong about this just like you’re wrong about every other thing you’ve ever opened your cumcatcher about.

    Nice to see you admit it.

    Now fuck off.