The Bush Tax Increase
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.
And 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.
So, Bush is a tax hiker. And we already know that John McCain is as well.
Barack 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.