Senate Democrats to scrap tax cuts
Good news for Americans who thought Barack Obama would cut their taxes significantly once in office:
A top Democrat in the Senate announced a budget blueprint Tuesday that would scrap Barack Obama’s signature tax cut after 2010 and blends sleight of hand with modest restraint on domestic programs to cut the deficit to sustainable levels.Senate Budget Committee Chairman Kent Conrad, D-N.D., promises to reduce the deficit from a projected $1.7 trillion this year to a still-high $508 billion in 2014. But to do so, he assumes Congress will let Obama’s “Making Work Pay” tax credit delivering $400 tax cuts to most workers and $800 to couples will expire at the end of next year. Those tax cuts were included in Obama’s stimulus package.
Conrad, D-N.D., who has for decades sought to highlight the dangers of permanent deficits and rising government debt, produced a budget plan bristling with both—even after proposing to require wealthier taxpayers to pay higher rates income and capital gains.
In other words, Democrats approved massive government spending that does little to nothing to stimulate the economy, a gigantic increase of the size of the government, and then tell the American people the tax cuts will expire in 2010 because it would be ‘irresponsible’ to make them permanent considering the government gigantic new budget deficits.
Will Americans fall for it? I think not.
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Lies. Lies and more dayum lies.
Everyone always PROMISES they will cut the deficit in half and what always happens is it gets bigger and then they blame the other guy and we say uhhh okay duh………gee wuteveah.
This is more of those lies. In 2014 the budget deficits will be 3 trillion a year. That is if we are not bankrupt by then.
LIARS. They are lieing to us all. Period.
Not just lying, but purposefully deceiving as well. Politics – it’s dirty, dirty politics.