Deficit Fraud Romney: Jobless Benefits Are Too Expensive, But The Bush Tax Cuts Increase Revenue
Posted in Main Blog (All Posts) on December 15th, 2010 5:39 am by HL
Deficit Fraud Romney: Jobless Benefits Are Too Expensive, But The Bush Tax Cuts Increase Revenue
Yesterday, the Senate approved the tax deal that President Obama negotiated with Congressional Republicans by an 83-15 vote. The legislation now moves to the House, where Democrats are saying that they might tinker with the estate tax cut that Republicans are insisting upon. But it isn’t only on the left that opposition to the deal […]
Yesterday, the Senate approved the tax deal that President Obama negotiated with Congressional Republicans by an 83-15 vote. The legislation now moves to the House, where Democrats are saying that they might tinker with the estate tax cut that Republicans are insisting upon.
But it isn’t only on the left that opposition to the deal exists. A few House Republicans have disparaged the deal for including too few tax cuts and too much help for the jobless. In a USA Today op-ed today, former Gov. Mitt Romney (R-MA) — who is consistently mentioned amongst GOP 2012 hopefuls — came to the same conclusion, saying that a two-year extension of all of the Bush tax cuts is too short, while a one-year extension of unemployment benefits is too expensive:
One thing is certain: While we cannot rebuild our flawed system [unemployment insurance system] overnight, we are surely not required to borrow the funds to pay for it. In spending $56.5 billion to extend benefits, the deal is sacrificing the bedrock Republican principle that new expenditures be paid for with offsetting budget cuts.
Romney also criticizes the deal’s payroll tax reduction for adding to the deficit. But then, in order to get around the fact that he favors permanent extension of the entire Bush tax cut package (at a cost of $4 trillion over the next decade), Romney asserts that such an extension will actually increase revenues:
In many cases, lowering taxes can actually increase government revenues. If new businesses, new investments and new hiring are spurred by the prospects of better after-tax returns, the taxes paid by these new or growing businesses and employees can more than make up for the lower rates of taxation.
As The Wonk Room explained, when it comes to the Bush tax cuts, revenue surely did not increase. Romney is simply twisting himself in circles to justify his opposition to the tax deal on fiscal responsibility grounds, while simultaneously advocating for a full extension of the Bush tax cuts, no matter their effect on the deficit.
Birther Army Doc Who Refused To Serve Pleads Guilty, Faces Up To Three Years In Prison
Earlier this year, Lt. Col. Terrence Lakin, an 17-year Army veteran, refused to report for duty at Fort Campbell, KY because he said his orders emanated from an illegal President who is not a natural born U.S. citizen. As such, Lakin said he had “no choice” but to disobey the orders and that he would […]
Earlier this year, Lt. Col. Terrence Lakin, an 17-year Army veteran, refused to report for duty at Fort Campbell, KY because he said his orders emanated from an illegal President who is not a natural born U.S. citizen. As such, Lakin said he had “no choice” but to disobey the orders and that he would “gladly deploy” if Obama released his birth certificate.
In September, a military judge ruled that Obama’s birth certificate was irrelevant in Lakin’s case, thus he was not able to raise the issue in a military court today where he pleaded guilty to two charges related to the case:
An Army doctor who disobeyed orders to deploy to Afghanistan because he questions President Barack Obama’s citizenship pleaded guilty Tuesday to one of two charges against him.
Lt. Col. Terrence Lakin of Greeley, Colo., pleaded guilty in a military court to a charge that included not meeting with a superior when ordered to do so and not reporting to duty at Fort Campbell.
Lakin faces up to 18 months in prison and dismissal from the Army. He pleaded not guilty to a second charge of missing a flight he was required to be on, and the court-martial proceeding continued on that count.
Stars and Stripes reports that a group of about 30 birthers attended Lakin’s hearing, carrying signs that read “usurper” and “ineligible.” For his part, Lakin still believes Obama was born outside the U.S.:
At the hearing, Lakin told the court that he still believes that questions surround Obama’s presidency but that he should not have refused to meet with his superiors and report to Fort Campbell, Ky., while making his protest.
“I was praying and soul searching,” he said. “I believed there was a question that needs to be answered to ensure a valid chain of command. But I had asked every question, done everything else I could short of disobeying orders, without success.”
During a heated interview with Lakin back in May, CNN’s Anderson Cooper lambasted him for singling out Obama. “He has taken orders for years from people, probably thousands of orders, countless orders. He has never questioned the legitimacy of the people he has taken orders from…or all he knows, General Casey could be a foreign-born, a — not an American citizen.”
