OMG! It is coming! The horror that is taxes!
Soon the Bush tax cuts will be allowed to expire….you see they were only meant to last until 2011….so if they are allowed to expire then the Obama admin can raise needed revenue without having to pass new taxation legislation…..
And of course the Repubs have lit into this with both feet….calling it a tax increase and a deficit expander and the death of any economic recovery……but the best slogan they have come up with to describe the end of the Bush tax cuts is…….”a ticking tax bomb”….this would be a clever….yes i said it would be clever…..except for one small thing…..the term “a ticking tax bomb” was first used by the UK’s Cameron on March of 2010……I mean the GOP cannot even come up with their own slogan to try and demonize the Obama proposal.
The is sad on so many levels……I mean the GOP has no new ideas they have to resurrect the Reagan supply side economics proposal….they have nothing to reform social security other than the tired old “privatization” thing……they have NO idea how to solve the deficit other than tax cuts….and then they do not even have an original thought for a slogan blasting the expiration of the Bush Tax cuts…like I said sad on so many levels……..it would not be so bad if it was a simple slip of the tongue….but it is not…it is a talking point that all the talking heads are using when they step in front of the camera.
I find it so sad, yet so indicative of the whole out of touch label that has been given to the GOP.