President Obama likes to say that he has actually cut taxes. State 29 takes a look at his “cuts.” Almost all of them are either soon-to-exprire or expired “stimulus” measures or tax subsidies for preferred constituencies. That’s the government grabbing your wallet, taking $20 out of it, giving five bucks to a bum, and then bragging about its generousity.
Meanwhile the government is spending at a rate that will lead to either killer tax rates, fiscal collapse, or both. So be grateful for those ‘tax cuts’ until they come back for them.
Tags: Daniel Shaviro, Obama Tax Policy, State 29
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
