Tag: tax cuts for the wealthy

Republican Reverse Robin Hood

  It’s a rare event to see honesty for a major politician. So when it happens you should take note. Sen. John Kyl (R-Ariz.) clearly listed his priorities yesterday, and it wasn’t a pretty sight.

 WALLACE: We’re running out of time, so how are you going to pay $678 billion just on the tax cuts for people making more than $250,000 a year?

KYL: You should never raise taxes in order to cut taxes. Surely congress has the authority and it would be right, if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending. And that’s what republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans.