The President’s [2001 and 2003] tax cuts expire in 2010 because their supporters deliberately designed them that way … Supporters of those measures opted to “sunset” the tax cuts before the end of the ten-year budget window, partly to avoid recognizing the cost of permanent tax cuts. Now, a few years from the tax cuts’ expiration, some of these same supporters are acting as though the tax cuts are already permanent and that any proposal to offset any portion of the cost of extending them is a “tax increase.”But then we already knew that Republican lie.
To extend the tax cuts without paying for them — and to attack those who simply seek to require that Congress at least partially pay for any extension of the tax cuts — further heightens the irresponsible fiscal nature of the original actions.
Tuesday, May 20, 2008
On Misleading Claims That Congressional Budget Plan Calls For "Largest Tax Increase In History"