Tuesday, January 1, 2013

Last night's vote is a tax increase!

The U.S. Senate and the W.H. will, no doubt, claim last night's Senate vote is a tax decrease. But it's not. If you don't believe me, here's what CBS News says, in part, about the vote: "The measure is the first significant bipartisan tax increase since 1990, when former President George H.W. Bush violated his 'read my lips' promise on taxes. It would raise an additional $620 billion over the coming decade when compared with revenues after tax cuts passed in 2001 and 2003, during the Bush administration. But because those policies expired at midnight Monday, the measure is officially scored as a whopping $3.9 trillion tax cut over the next decade."
Oh well, it's only what Dear Leader calls it that really matters. 

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