Pelosi’s all in favor of cutting spending as long as everyone agrees that tax cuts are spending. This has been the Democrat talking point from the beginning. Eliminate the tax “loopholes” and deductions that make it possible for the evil rich guy to minimize his taxes. Here’s what she said in context at a Capitol Hill press conference:
“Our whole budget is what, $3.5 trillion? So, when we talk about reducing spending, we certainly must, and we certainly have–$1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act. But spending is also related to tax cuts. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks.”
I don’t like subsidies either. The government shouldn’t be sending subsidy checks to anyone. Not failed “green” energy plants. Not even farmers. But subsidies are different from tax cuts.
She’s presupposing that the government owns all our income. If it truly did, then she’d be right. But just because the government forces Americans at the barrel of a gun to give up portions of their incomes doesn’t mean that it must be OK for them to confiscate our wealth. They have to use force to do it, because they know deep in their dark hearts that it’s morally wrong to steal, and forcing us is the only way we’ll give it up.
To the more rational-minded, a tax cut is simply the government letting us keep a little more of our own income. I’m all for tax cuts. The government isn’t having to spend any additional money in order to cut someone’s taxes. It’s just simply not going to be able to take as much.
The fact that Pelosi wants to focus so much on cutting tax cuts shows once again that she doesn’t care one bit about the economy or creating jobs or taking care of the poor and middle class. Quite the contrary. She seems quite content to not only tax the poor and middle class, but to make sure the government gets the absolute maximum amount out of their pockets as possible by not allowing any tax cuts.
Instead of cutting government spending by eliminating the trillions in waste, Pelosi wants to go after the people she claims she’s helping out. Talk about subsidies. She wants to subsidize the poor, and we all know that we get more of whatever the government subsidizes.