I am not fighting for the Bush tax cuts; I'm fighting the notion that people who are in favor of tax cuts are all a bunch of liars or loonie tunes. Politicians in favor of tax cuts are all liars, as are all the politicians against tax cuts; in politics, lying is, sadly, the stable equilibrium. But most politicians are not loons; and most of their economics advisors are sober and intelligent fellows.
Now that's funny.
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Krugman is is on fire today, as he has been for a while, this time talking about the tax cuts.
But, even he makes an essential error that all the democrats seem to be making.
I'm no fan of tax expenditures. I'm not even particularly fond of most tax deductions regardless of whether or not they're based on religion. Taxes should be about raising revenue, and a complex tax code just makes inserting more loopholes--as well as outright cheating--even more possible.
Julia Gillard has done a backflip and agreed to introduce a budget-neutral carbon tax after last year promising not
Yesterday, the President told Kansas: "if you vote Democrat, you're voting for a tax increase."
After a 13 hour day at school, my brain isn't working very well, but did she say that politicians are not liars, except for the fact that they are? But she says they are not...
I know she's a wee bit shy of, well, maybe half a deck of cards, but.....