Showing posts with label Tax cut. Show all posts
Showing posts with label Tax cut. Show all posts

3/07/2013

Pelosi's Orwellian Newspeak: Tax Cuts are Spending!

Posted by Brian

Nancy Pelosi, in yet another of her vile statements meant to insult the intelligence of every American, told the press today that "tax cuts are spending".

“Our whole budget is what, $3.5 trillion? So when we talk about reducing spending, we certainly must, and we certainly have — $1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act. But spending is also related to tax cuts. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks. And that’s the spending that we must curtail as well.”

I won't speak for anyone else, but this writer is damn tired of intellectual dwarfs like Pelosi having the gall to assume that she can make such an asinine statement as this, and fully expect the American public to accept it.  Maybe her brain-dead constituents in the Bay Area are this comatose, but thinking Americans are insulted by her hubris.

Perhaps she is emboldened by the constant stream of lies flowing out of the White House on a daily basis on everything from the sequester, the state of the economy, Benghazi, Fast and Furious,  or any number of other problems facing the country.

What I do know is that Nancy Pelosi couldn't find her ass with a funnel if her life depended on it. Her statement is revealing, in that it shows the true mind of the statist, who believes that ALL money and wealth belongs to the government, first and foremost.  To them you didn't build it, earn it, or create it, and you certainly couldn't do it without them. For that reason, it is up to her, and others like her, to determine how much of what you earned you deserve to keep.

So, we have the new Orwellian definition of spending, which will now be the phrase we are going to hear from every Democrat, and its sycophants in the media, on all of the morning and weekend talk shows for the next two weeks, attempting to create a new reality in the weak-minded sheep around the country.

What an imbecile!

 
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10/05/2012

Proven Liar Stephanie Cutter Grilled By CNN On $5T Romney Tax Cut

Remember Stephanie Cutter lying to the American people about having "no knowledge" of the guy in the Obama Super-PAC ad claiming insinuating that Mitt Romney was responsible for the death of his wife? Well, she's back, in full facts-be-damned spin mode, with that annoyed smirk on her face.
CNN's Erin Burnett called out the truth-challenged Stephanie Cutter on the Obama campaign claims of a Mitt Romney $5 Trillion tax cut, saying that their fact-checkers show that the numbers don't add up.

Here's their exchange:

 

Erin Burnett: Stephanie, let me ask you about that. Because here at CNN, we fact checked that, that $5 trillion in tax cuts and we’ve come and said that’s not true. Mitt Romney has not promised that. because he’s also going to be closing loopholes and deductions. So his tax cut wouldn’t be anywhere near that size.  
Stephanie Cutter: So you’re disputing the size of the tax cut? Or are you disputing also how he’s going to pay for it?  
EB: We’re disputing the size.  
SC: Erin, he has campaigned on lowering tax rates by 20% for everybody, including those in the top 1%. that was one of the main selling points in the Republican primary.  
EB: So you’re saying if you lower them by 20% you get a $5 trillion tab, right?  
SC: It’s a $5 trillion tab.  
EB: But when he closes deductions he won’t be anywhere near $5 trillion. That’s our analysis.  
SC: Well with, okay, stipulated, it won’t be near $5 trillion, but it’s also not going to be the sum of $5 trillion in the loopholes that he’s going to close.

I'm glad that there are finally some journalists who are finally calling the Obama campaign on some of the lies.  Yes, I know.  Both sides have been guilty of manipulating data throughout the years,  But the sheer number of lies that Obama and his people have been able to get away with has been staggering. From shovel-ready jobs,  to Libya, and now this, it appears that even some in the media may have had enough with cavalier attitude this Administration has when it comes to telling the truth.

One thing that Burnett does not challenge Cutter on is this myth that ALL tax cuts lead to reduced revenue to the government.  This has been one of the most misunderstood things regarding how tax rates work.  Lowering rates does not automatically equal less money coming into the government.  At least over the long term.  By the same token, raising rates does not equal long term increased revenue.  When rates are lowered, entrepreneurs start businesses, companies expand, and more people are hired in the private sector.  This influx of new jobs equates to more people paying taxes.  Even at lower rates, when more people are paying into the system, tax revenues to the government increase.  This explains how Reagan was able to lower tax rates from nearly over 70% down to 28%, which resulted in tax revenues to the government doubling. As Cutter so smugly says: "It simple math".

Kudo's to Erin Burnett and CNN for finally starting to step up to the plate and finally call Obama and his team on some of the crap they have been getting away with.  We know that the freak show over at MSNBC won't.




Posted by Brian
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