Obama finds new way to justify spending

[Quantum Windbag]

Call it a tax cut.

No wonder he hates the Republicans, they want to raise taxes by cutting spending.

As part of a Mothers’ Day weekend defense of his signature legislative accomplishment, President Obama claimed that the law represented the “largest health care tax cut for working families and small businesses in our history. “

His argument was a Hail-Mary effort to redesignate subsidies for individuals to purchase health insurance on government-run exchanges as a “tax cut.” But according to the Congressional Budget Office, these subsidies actually qualify as more than $1 trillion in “Exchange Subsidies and Related Spending.” (Emphasis mine.)

Obama: $1 trillion in Obamacare spending is historic 'tax cut' | WashingtonExaminer.com

 

[OKTexas]

Only in Washington.

 

[Quantum Windbag]

Only in Washington.

No shit.

Tax cuts are spending, and spending is tax cuts. Welcome to the real world version of 1984.