Insomnia Log

This is what keeps me awake at night???

Who needs sleep? (well you’re never gonna get it)
Who needs sleep? (tell me what’s that for)
Who needs sleep? (be happy with what you’re getting,
There’s a guy who’s been awake since the second world war)

-- words and music by Steven Page & Ed Robertson

Location: Boulder, Colorado, United States

Everything you need to know about me can be found in my posts

Friday, October 24, 2008

The Bush Tax Increase

Bush signs the tax increase of 2001One of John McCain's biggest campaign issues this election, and a favorite talking point among conservatives is the so-called Obama tax increase. But what I don't get is why they are blaming Obama, when it was their own man George W. Bush who signed the tax increase into law.

That's right. Our very own President Bush signed into law the tax plan that will result in taxes increasing after he leaves office. The only way he could make the budget math even sort of work was to put an end date on each of his tax cuts, expiration dates at which taxes would increase. Otherwise, the fiscal damage would have been even more obvious at the time and they never would have passed Congress.
Bush signs the tax increase of 2003And now the conservatives are blaming Obama for raising taxes even if he does nothing and lets some of the tax cuts expire. That's just plain dumb. George W. Bush and the Republican Congress are totally responsible for raising taxes.
Bush signs the tax increase of 2005So, Bush is a tax hiker. And we already know that John McCain is as well.
Bush signs the tax increase of 2006Barack Obama is proposing to follow the Bush tax plan -- letting the Bush tax cuts expire as Bush put into place. Meanwhile, John McCain has proposed a brand new tax (his tax on health care benefits). But don't worry, he tells us, it will only be a net increase on 5% of people, the people who can most afford it.

I smell hypocrisy here.

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