GOP Recycles Failed 1993 Talking Points on Taxes

[upstatecajun]

It is often said that historical events occur twice, first as tragedy and then as farce. But sometimes, as with the predictable GOP opposition to small tax increases for wealthy Americans, the farce is double. After all, every single Republican in the House and Senate voted against Bill Clinton's 1993 upper-income tax hikes, calling it a "job-killer" which "will not give you deficit reduction."

We all know how that turned out. Then as now, the Republican brain trust was comically wrong.

In response to President Obama's speech this week on deficit reduction, GOP leaders and would-be White House hopefuls simply dusted off the 1993 playbook. Newt Gingrich tweeted "The president's plan will kill jobs and increase the deficit." While Mississippi Governor Haley Barbour chimed in with "the fear of higher taxes tomorrow hurts job creation today," Mitt Romney warned "the last thing we should be doing is raising taxes on job-creators, entrepreneurs, and small business owners across America." Having already called President Obama's call for higher taxes for the gilded class a "non-starter," House Speaker John Boehner instead championed the draconian GOP budget plan authored by Paul Ryan. As his Boehner spokesman Michael Steel put it:

"If the president has an option that better accomplishes those goals - without a job-killing tax hike - he is certainly willing to listen."
Of course, Boehner was saying the same thing for months in the run-up to December's $800 billion, two-year tax cuts compromise that delivered another $140 billion windfall to the top 2% of taxpayers.

http://www.perrspectives.com/blog/archives/002158.htm



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[benld74]

1. It's the ONLY thing the GOP Recycles!

[Old and In the Way]

2. Can't point this out enough-

After all, every single Republican in the House and Senate voted against Bill Clinton's 1993 upper-income tax hikes, calling it a "job-killer" which "will not give you deficit reduction."

Clinton 8 years - Jobs Created: 22.7 million
Bush Jr 8 years - Jobs Created: 1.1 million (.1%) That Trillion dollar tax cut really paid off, no?

When will the rubes figure this rather simple point out?

[jmowreader]

3. They won't figure it out

According to the Right, the only way the government can stimulate the economy is to cut taxes.

So...let us see...go to any businessman you can think of and ask him this one very simple question: if the government gave you the choice of a $10,000 tax cut or a $1 million contract to produce a good or service for them, which one would cause you to create more jobs?

[Old and In the Way]

4. I know I'd rather pay a 50% tax on a $1MM income, than 20% on $100K

I think any astute business person knows they do better when the economy does better. Taxcuts hurt the economy when Reagan and BushII did it...the bigger the taxcut, the worse it got. Same with increases. Bush1's increase helped the economy...Clinton's bigger tax increase stimulated the economy even more.