Wednesday, February 18, 2009

Biggest Tax Cut ever

Uh...maybe all the Republicans who are coming out of the woodwork to argue about how hard they fought this bill and how it was all Democrats doing might want to reconsider. And I'm not just talking about those two idiots who issued press releases bragging about things in the bill at the same time they were pimping themselves for having not voted for it

No...I mean the GOP as a whole is missing a pretty big talking point Obama has in his pocket now come 2012: tax cuts. That's right, as Benen points out , this bill also contains the biggest tax cut ever. To the tune of $282 Billion dollars. In essence, Obama and the Dems are going to be able to run for reelection and use this against every single Republican who is so eager to put their mug in front of a camera and proudly proclaim their vote against this bill.

Of course, 60% of the Bush tax cuts went to the top 20 percent of income earners with over 25% going to the top 1% of income earners. The tax cuts in this bill are short-term refunds paid directly to working and middle class families.

Chess versus checkers, ladies and gents.

1 comment:

cheesefrog said...

Can you point me to something that actually spells out these tax cuts? I've tried searching but I can't find anything definitive.