bookbanner
CHRISTOPHER TAYLOR'S BOOKS

Tuesday, July 10, 2012

TAX TALK

How long does a tax rate have to be set and in practice before its just a tax rate? Because people keep talking about removing the "Bush tax cuts" almost a decade after they went into law. By now isn't that just... the tax rate? Or are tax cuts eternal and tax increases just the normal rate of taxation every time?

Granted the left does this continuously, trying to shape public perception of a topic by language, but this is just ridiculous. It is one thing for Representative Pelosi (D-CA) or Democratic Party chair Debbie Wasserman-Shultz to use that kind of language, but why does everyone else, from all sides of a political issue?

Its just the tax rate now. If you want to increase it, you're calling for an increase in taxation. Call it like it is.

2 Comments:

Anonymous tim said...

Excellent point.

8:52 AM, July 10, 2012  
Anonymous Eric said...

The problem is that in order to get the tax cuts through the (Republican majority) Congress of 2001 and 2003, Bush had to agree to sunset them, so these tax rates were legislatively designed to be temporary. So to some extent, those on the left have a point... everyone has known for a decade that these were set to expire, so thinking of the current tax rate as the status quo would be slightly disingenuous.

What I think is funny, and what I wish the Republicans would pick up on, is that the legislation Bush signed DID expire in 2010... but the tax rates were extended by new legislation that Obama signed... so the current tax rate, while still temporary, should properly be called "The Obama Tax Cuts For The Rich".

9:39 AM, July 10, 2012  

Post a Comment

Links to this post:

Create a Link

<< Home