A TRILLION!
 |
James Joyner | Wednesday, May 28, 2003 |
For once, Brett Marston and I agree on something:
ONE **TRILLION** DOLLARS, TWO **TRILLION** DOLLARS Democrats need to start using this word — TRILLION — more often. The Republican tax cut plan is a tax cut close to ONE TRILLION DOLLARS if one factors in all of the cuts that eventually Bush will argue need to be made permanent. ONE TRILLION DOLLARS. ONE TRILLION DOLLARS. You don’t even HAVE to say it in your Doctor Evil voice for it to sound creepy and wrong.
He’s exactly right. The Democrats are trying to take an obscene amount of money–ONE TRILLION DOLLARS–out of the pockets of hardworking American citizens; President Bush and the Republicans are fighting to let them keep it. The Democrats need to make this a central issue in their campaign.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia with his wife and infant daughter.
Follow James on FriendFeed | Twitter | Digg
- None Found
It may be even worse than Brett argues. Assume for a minute that the Democrats wanted to raise tax rates, let's say to a top marginal tax rate of 75%. Let's further argue that the top tax bracket would have been defined at $50,000 gross annual income. And let's not only think about the next few years, but let's think about our children's children and project the COST of Bush's horrendous tax program some 50 years in the future. And let's also assume that people don't respond to changes in the tax code and tax rate by altering their work/leisure tradeoff. Relative to all of that, this tax cut could cost us ** QUADRILLIONS ** of dollars.
I thought the same thing when I read Brett's post. Indeed, let them run around and talk about how Bush wants to cut taxes by a Trillion Dollars. I am sure the voters will be running the Democratic Party! :)
---
Comments are Closed
