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GOP Tax Increases – O My…Lie Until You Buy.

October 27, 2010

Is he still drunk?

If Republicans take control of the House, as many analysts predict, speaker-in-waiting John A. Boehner (R-Ohio) has pledged to roll back agency spending to 2008 levels and stage weekly votes to eliminate unpopular federal programs.

Those moves may appeal to conservative voters clamoring for smaller government, but they would barely dent the trillion-dollar deficits projected over the next decade by congressional budget analysts – much less fulfill the party’s vow in their “Pledge to America” to chart “a path to a balanced budget.”

GOP leaders concede that point and say they are open to broader bipartisan approaches to tackling the nation’s budget problems. Boehner, for instance, has embraced the possibility of higher taxes, suggesting in a speech in Cleveland this summer that lawmakers should look at clearing out the “undergrowth of deductions, credits, and special carve-outs” in the tax code that are little more than “poorly disguised spending programs.”

You mean like those subsidies to big oil and big ethanol?

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2 comments

  1. Obama and the Democrats have cut EVERYONE’S taxes. Mr. Would-Be-Speaker says he will RAISE taxes. Why aren’t these facts generally known?

    The “undergrowth of deductions, credits and special carve-outs” that he would eliminate no doubt are the ones that benefit ordinary middle-class people.

    But watch for that sacred top marginal rate to be lowered.

    Dog, I’m very sure that Boehner does NOT have subsidies to Big Oil and Big Ethanol in mind for elimination. Maybe someone from the press will ask him about that between now and election day.

    (I’m such a dreamer….)


  2. The GOP has put themselves in a very bad position. Substantial cuts will mean cuts to someone who will become very very angry whether is is Big Oil, the military industrial complex, SS or Medicare.

    The obvious choice is military spending – but cutting that is like whack-a-mole.



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