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December 08, 2005
Never met a tax cut they didn't like
This is hilarious.
| The House passed three separate tax cuts yesterday and plans to approve a fourth today, trimming the federal revenue by $94.5 billion over five years -- nearly double the budget savings that Republicans muscled through the House last month. |
So much for fiscal restraint.
We'll see what they do with that capital gains/dividend tax cuts bill they'll be voting on today. Never mind that it's one of those 'benefit the wealthy' cuts, that's not the point anymore. Much more germaine to the issue is that the Fed says cutting taxes on dividends doesn't do what it purportedly claims to do: increase payouts (to avoid those nasty Enron-like accounting scandals) and improve the performance of the stock market.
So, fellas, if the tax cuts don't work, what are you really trying to do here.
Oh, yeah, right. Of course, we can expect a straight answer to that question!
Posted by The Journal Blogger at December 8, 2005 12:33 PM
