October 18, 2008
One thing: the 95% number is fundamentally dishonest because I'm pretty sure it measures against the CBO baseline – which assumes all of the '01 and '03 tax cuts expire in 2010. Politically, that's nonsense. But it allows Obama to count extending the politically popular Bush tax laws as an "Obama tax cut." Compared to what people actually pay (what Republicans at the House Ways and Means Committee call the "reality baseline" , there isn't actually a tax cut. Put it this way: currently families get a $1,000 per child tax credit. Now, the CBO baseline assumes that credit drops to $500 per child in 2011. So if the Obama Administration keeps the credit at $1,000 – which means the family pays the same as they always have – it counts as a "tax cut." I know you understand all this, but it drives me batty how intellectually dishonest the mainstream media has been in covering the tax issue in this election.
Did you get all that?
Senator Government is trying to steal credit for the Bush tax cuts that he voted against in the Senate.
It turn out we do have a candidate running his campaign based on George W. Bush's legacy.
Barack Obama just doesn't have the integrity to admit it.
Posted by: Confederate Yankee at
12:21 AM
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