to pass a bill they say we can’t afford, let’s make it MORE expensive
December 10, 2010
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An article out today explains how Senator Harry Reid has added some things to the Obama tax cut deal to help get it passed. Confusing, since much has been said about how the agreement does nothing to help with the deficit, and how the tax rate cuts for the higher income earners is unaffordable:
The sweeping tax cut bill introduced Thursday night by Senate Majority Leader Harry Reid is chock-full of sweeteners which could serve as a legislative pacifier for Democrats outraged over the concessions President Obama has handed to Republicans.
The stimulus-sized package includes about $55 billion worth of short-term tax extensions for businesses and individuals. They cover a host of alternative energy credits, a potential salve for environmentally conscious lawmakers, as well as targeted benefits for everything from the film and television industry to mining companies to rum producers.
Senate Tax Cut Package Filled With Sweeteners, Obama Predicts Passage
So, the answer to unaffordability? Make it more expensive!