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Ranman1
B.V. VIP - Friend
Joined: Sep 28, 2001
Posts: 14884
Location: USA
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 Posted: Tue Jan 08, 2002 10:50 pm Post subject: DiFi fries Daschle\'s tax foolery. |
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In his speech over the weekend, illegitimate, unelected Senate Majority Leader Tom Daschle sought to convince us of a political point that\'s economically impossible: that the $300 billion tax cut ate up the $1.4 trillion projected surplus. The speech bombed badly, but that\'s not surprising for me to say. What\'s notable is how liberal media outlets like the New York Times picked apart what Daschle said, and how even liberal California Senator Dianne Feinstein took issue with this bad math.
Senator Feinstein was on Late Edition, CNN\'s Sunday show with Wolf Blitzer, and she broke ranks about as cleanly as is possible with her own leader, Tom Daschle. She said, \"Over a trillion dollars of that tax cut has not yet gone into effect. The impact of the tax cut has not yet been felt so I don\'t think it worsens the recession at all.\" And then she said, \"Further, my view is we ought to stay the course. It\'s good policy to let people keep more of their money.\"
Folks, something\'s up. This is a leading Democrat senator. This is no rookie. Look, twelve Senate Democrats voted for the Bush tax cut package, and that\'s only one reason this tactic isn\'t going to fly. The tax cuts haven\'t gone into effect. The Democrats know this, and they know that anybody can be persuaded of this, because nobody sees any evidence of a tax cut in their paycheck. So the trick now is to say, \"Well, the tax cut over the ten years that it is scheduled to be implemented will cause 60% to 70% of the surplus to vanish as well.\"
On this same note, I want to point to a column in the Orlando Sentinel by Tamara Lytl, who talks about the tax cut as being so small so far as to be irrelevant, which is the thing I first said about it! To say that this tax cut\'s going to cause a recession or spur the economy is nonsensical. It\'s not big enough to do anything of the sort, especially since it\'s spread out over so many years. Ms. Lytl gives us all the numbers, and proves that we just didn\'t get enough tax reduction in 2001 to squash that deficit.
Those \"projected\" deficits simply didn\'t materialize, because of the recession that began during Bill Clinton and because many people are out of work (not paying taxes) or not shopping (not paying taxes). So while Daschle is making all these horrible claims about how bad it\'s going to be because of this tax cut, you\'ve got the media writing a story about how little the tax cut adds up to. Which is the truth.
Then you have DiFi saying bascially, \"Hey, look, letting people keep more of their money, I think it\'s the way to go. This tax cut couldn\'t possibly be causing a recession. It hasn\'t even gone into effect yet.\" I don\'t want to say that this strategy is going to totally bomb on Daschle, but I will say with some assuredness that it is not taking off the way he hoped it would after his big, big speech on Friday.
[url]http://www.rushlimbaugh.com/home/daily/site_010702/content/stack_c.guest.html [/url] |
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Sow your wild oats on Saturday night -- Then on Sunday pray for crop failure. |
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