How Much Do Tax Cuts Cost?

by Steve on February 14, 2009

in General

Paul Krugman writes in the NYTimes:

And the rhetorical response of conservatives to the stimulus plan — which will, it’s worth bearing in mind, cost substantially less than either the Bush administration’s $2 trillion in tax cuts or the $1 trillion and counting spent in Iraq — has bordered on the deranged.

It’s “generational theft,” said Senator John McCain, just a few days after voting for tax cuts that would, over the next decade, have cost about four times as much.

Libs have succeeded in reframing what tax cuts really are. They’ve equated tax cuts with spending, and people have bought into it. Only in government can a decrease in revenue be termed a ‘cost’. They wail about ‘the cost of a tax cut’ like it’s a bill that needs to be paid. What it implies is that the money that they thought was going to come in was already spent.

So how do we decrease the cost of tax cuts? The way most normal people would – cut back on spending. You make less, you spend less.

Unless you’re a politician and it’s other people’s money.

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1 Dan March 12, 2009 at 10:05 pm

I couldn’t agree more. I am getting sick and tired of the Democrats and the media defining the terms and even more so defining what conservatism is. They are now streatching conservatism as a far right position.

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