As if we didn't have enough volatile "wedge issues" to keep the Nation stuck in "Perpetual Pause" mode -- Karl Rove has decided to arm the GOP, with yet another outrageous Word Bomb ...
GOPers Revise History: Say Dems Have Tax Hike Ticking Time 'Bomb'
Christina Bellantoni, TPMDC -- August 19, 2010
Karl Rove's Crossroads GPS this week detailed the "seven public policy initiatives" that will be most important for Congress next year. The group runs ads against Democrats across the country.
On the list at No. 1: "Stop the Obama tax hike time bomb scheduled to detonate on January 1, 2011."
That's not a typo. Rove's group is claiming that Obama set the timer on that so-called "bomb."
Talk about Revisionist History -- of course consider the source -- wasn't it Rove, who claim to have the "Real Numbers" only a few years back ... how'd that work out for you Karl?
Let me get this right -- Karl Rove and George W. Bush -- convinced the American People the "Road to Prosperity" would only be found through Tax Cuts -- and NOW it's Obama's Fault?
Tax Cuts by all accounts biased to benefit the Rich the most.
Karl Rove and George W. Bush, in order to sell this 'Happy Face' Plan to the American People -- HAD TO put in a 10 year "Sunset Date" -- for when those Bush Tax Cuts would expire -- and NOW it's all an Obama's Plot to "sabotage" the Economy?
Unbelievable!
How much did all those BUSH Tax Cuts COST the Tax payer, by the way?
Action needed by Dec. 31 to avert largest increase in U.S. history; Grayson stays the course
A Tax Time Bomb Ticks Away Under Democrats
Kenric Ward, SunshineStateNews -- July 28, 2010
A one-year extension of the cuts would "cost" the federal government $115 billion, according to the Congressional Budget Office.
[...]
Well IF extending them would cost us another $115 billion a year!
SO then having them in place for 10 years must have cost us roughly $1,150 Billion
(in other words, over a Trillion Dollars worth of unfunded Karl Rove and George W. Bush activities added on the USA Charge Account. No Problem! )
It's a good thing the Economy is Prospering like gangbusters, eh Rove? Well Done! -- NOT!
Maybe a little blunt honesty from the Wall Street Journal, can defuse the latest Right Wing sound bite? It seems they know WHO really lit the fuse on this one ... kudos to them for saying so.
Defusing the Tax Time Bomb
By David Wessel, Wall Street Journal -- July 29, 2010
President George W. Bush left behind a ticking time bomb that is set for Dec. 31, 2010. If Congress does nothing, taxes on wages, capital gains and dividends will leap, the estate tax will be resurrected at a 55% rate and the pesky alternative minimum tax will hit an additional 21 million taxpayers on 2010 returns.
Neither Democrats nor Republicans have an interest in letting that happen.
[...]
Republicans are happily staking out the no-new-taxes turf, playing to their traditional constituency. Pew says 52% of Republicans favor extending all the Bush tax cuts. Republicans are convinced they can win votes by simultaneously blaming Democrats for the deficit and accusing of them of being tax raisers.
House Democrats are torn between taking a vote before the elections (so members can boast of having stopped a middle-class tax increase) and waiting for the Senate (so Democrats from rich suburban districts don't get stuck voting to raise taxes on over-$250,000 voters only to find the Senate will extend them for everyone.) Senate Democratic leaders promise a September vote, but it's far from clear they have the needed 60 votes.
The smart money in Washington says nothing gets done before a postelection lame-duck session.
[...]
If those Trickle-down W. Tax Cuts worked so well -- Where are the Jobs?
I think much of those Roving Bush Tax Cuts, trickled-down into someone's offshore Bank Accounts, instead. I don't see that 'W Booster Shot' to the Upper Crust -- being put to work -- in MY Neighborhood!
How about a Non-partisan analysis on this new Talking Point WMD, from this Fox News spokeman?
Extending Tax Cuts for Rich Would Add $36 Billion to Deficit, Study Finds
Christopher Weber, PoliticsDaily -- August 12, 2010
Extending Bush-era tax cuts for the wealthiest Americans would pad the federal deficit by up to $36 billion next year, with most of that money going to millionaires, according to a congressional analysis released Wednesday.
The nonpartisan Joint Committee on Taxation found that households earning more than $1 million annually would receive nearly $31 billion in tax breaks under the Republican plan to keep the tax cuts going, The Washington Post reported. The average millionaire would see taxes reduced by about $100,000 in 2011.
So there you go, NOT letting the Tax Cuts expire on the Rich, would increase the federal deficit by $36 billion.
and a one-year extension of the BUSH Tax Cuts for everyone -- would continue to GROW the federal deficit by $115 billion. (per the earlier link)
Whether or Not we can afford to take on that additional Debt, is debatable -- But in any event, the Dems should really start countering the Karl Rove "Time Bomb" thought weapon --
Before yet another one of these Bush Legacy problems, ends up exploding on OUR Watch ...
ENOUGH! -- of shrugging and conceding Rove (and his ilk) the Rhetorical High Ground --
The Tax Cut "Expiration Date" -- BELONGS TO Karl Rove and George W. Bush, Alone --
THEY are the ones who sold that "Bill of Goods" to the American People -- in the first place!
THEY are the ones who "promised" this would be a time-limited "hit on the Economy" -- soon to expire.
No "Take Backs" Karl -- G. W. signed his Name on that "Reverse Robin Hood" Bill ... someone should be asking about "the GOP money back guarantee" -- the one about Jobs, and a Prosperity as far as the eye can see ... Where'd those Jobs go Mr. Rove?
Jobs that were Lost on the Rove-W Watch !
ENOUGH! -- of the Revisionist History, Mr Rove!
YOU helped sell the American People this "Bush Limited-Time-Offer Tax Expiration Plan", Now you must live with its consequences.
Fair is fair. The GOP's Goose, should be about cooked, by now -- So, Why isn't it?