Rep. Steve King Joins Deficit Fraud Caucus: There’s No Need To Pay For The Bush Tax Cuts
OPS_admin | Jul 28, 2010 | Comments 0
Rep. Steve King (R-IA), who spends a lot of time stoking fear about deficits under President Obama, explained on MSNBC this morning that the “difference” between President Bush and Obama is that Obama is spending far too much.
However, later in the very same interview, King threw concern for the deficit out the window, saying Congress should extend the Bush tax cuts for the wealthy, and that there is no need to pay for the $678 billion in lost revenue they represent. “You don’t have to ask for a paid-for” to offset tax cuts, King said, before making the ludicrous claim that Bush’s cuts “increased revenues”:
SAVANNAH GUTHRIE: Since you are, I’m presume, support extending the Bush tax cuts, do you think that you guys should figure out a way to pay for them, since it will add to the deficit, decreasing government revenues?
KING: [...] They have stimulated the economy. It is not paid for with offsets, those tax cuts have been in place as you characterized them, since May 28th of 2003. This is a continuation of a tax policy, so I would say you don’t have to ask for a paid-for continued tax policy. This is a tax increase if we let this happen without doing something happen about it. They have also demonstrated they increase in revenue with the capital gains as a part of that.
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Full Story: Think Progress » Rep. Steve King Joins Deficit Fraud Caucus: There’s No Need To Pay For The Bush Tax Cuts.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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