Archive for political lies

A Quick Word About Tax Cuts

Posted in Economics, Politics, Taxes with tags , , , , , on April 14, 2012 by Xajow

This one will be brief.

Earlier today I saw a clip from Obama’s weekly address, or whatever it’s called, wherein he said, “we can’t afford to keep spending more money on tax cuts for the wealthiest Americans who don’t need them.” I later went and looked it up online. (Your Weekly Address) The whole address is full of all kinds of lies and misinformation. (Which I may talk about next week.) But I wanted to mention how much I deeply dislike people claiming we pay money for tax cuts.

Tax cuts are not expenditures. Tax cuts are not expenditures. Tax cuts are not expenditures. Let that sink in. The government never, never, never spends money on tax cuts. Anyone who tells you otherwise is lying to you. Which means the President lied. No surprise there, but honestly, the man should ridiculed for making such an obviously stupid comment.

Tax cuts are not expenditures. Tax cuts are simply reductions in the percentage of money the government legally requires an individual person, business or organization to pay to the government. In no way does the government spend money on tax cuts. To claim otherwise is foolishness, and that is putting it politely.

You may think the government needs to raise the tax rates on the wealthy. This is not an argument about that. Whether we should or should not raise tax rates does not change the fact that the government does not spend money on tax cuts.

So next time you hear anyone refer to spending money on tax cuts, correct them. And write your congressperson to ask them to stop the lying about this in government. Write to your favorite news outlet and ask them why they are not criticizing the POTUS and other politicians for making such stupid remarks. Let’s put an end to this lie.

Thank you, and good night.