Republicans: Unemployment Benefits Must be Paid For, But Tax Cuts for the Rich Don’t
July 14, 2010
(ChattahBox)—The tax policies of Republicans during the Bush administration left our economy in shambles, struggling under the weight of record-setting deficits and massive debt that resulted in a near collapse of our economy. So, after such a humiliating failure for small government and tax cuts for the rich conservatism, the GOP must have learned from its mistakes, right? Not so much. Republican lawmakers are promoting the same failed policies of unfunded tax cuts for the rich at the same exact time they are screeching about the deficit. Before the July 4 break, Senate Republicans joined in a filibuster to block an up-or-down vote on extending unemployment benefits for the long-term unemployed. The deficit, the deficit, they all shouted in unison. We can no longer afford to provide benefits to suffering Americans without paying for them, said the Republicans. But guess what? Their deficit religion only extends to the poor, not the rich. Sen. Jon Kyl (R-AZ) recently got the hypocritical insanity train rolling, by saying “you should never have to offset the cost” of tax cuts for the rich.
Do Republicans use a different type of math than the rest of the world?
Next, Senate Minority Leader Mitch McConnell (R-KY) weighed in on the up is down and down is up math that Republicans love.
“That’s been the majority Republican view for some time,” Minority Leader Mitch McConnell told TPMDC this afternoon after the weekly GOP press conference. “That there’s no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy. So I think what Senator Kyl was expressing was the view of virtually every Republican on that subject.”
As noted by Media Matters Political Correction, the Washington Post Editorial Board, Washington Post columnist Ezra Klein and The New York Times’ Paul Krugman, the claim that tax cuts don’t produce deficits is ludicrous nonsense:
“Of course, McConnell’s assertion is absurd. The $678 billion Bush tax cuts failed to grow the economy, decreased revenue, and remain the largest factor contributing to the deficit (see chart below). And yet, Republicans still want to make them permanent. As McConnell said, this is “the view of virtually every Republican.”
“Paul Krugman calls this “invincible ignorance,” while the Washington Post editorial board opts for “nonsense.” But, whatever you call it, Republicans are clearly unwilling or unable to come to grips with the damage they did to the country.”
The prospect of Republicans gaining control of the House in November is truly frightening.
The handy chart below clearly illustrates the failures of Bush’s tax policies: