NYcarbineer
Diamond Member
- Thread starter
- #81
A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.
B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.
The CBO estimated the cost at over 800 billion, owing to lost revenue.
The question is, if job creation wasn't the rationale for that hit to deficit/debt, what WAS the rationale?