Wednesday, September 22, 2021
HomeRecommendedTax Expenditures: The End All of the Fiscal Crisis

Tax Expenditures: The End All of the Fiscal Crisis

The Lying Grey Whore (NYT) is reporting today that Obama is heading west to sell his new budget. Obama and his Liberal Media are touting his brand new “tax expenditures” as the answer to all our problems. Actually it’s a view deep into the Democrat soul.

…there was still uncertainty about parts of Mr. Obama’s plan, notably how it would affect taxes. The White House said it could generate $1 trillion in savings from “tax expenditures” — closing loopholes on deductions for charitable donations, interest payments on home mortgages and the like.

“Tax Expenditures,” hmmm. Expenditures are something that you are forced to do with your money. Floyd and Mary Beth Brown at GOPUSA point out the deep Democrat secret… (all emphasis mine)

Obama is a born again deficit cutter. He wants, according to his speech at George Washington University this week, to slim down the nation’s deficit by a whopping four trillion dollars in the next twelve years. To achieve this miraculous goal he has a top secret weapon. It is called the “tax expenditure.”
Now tax expenditures are not new, they have been around for many years, only we knew them by a different name. The old- fashioned name which is heretofore banned from the lexicon is: tax increase.

The best part is here…

If you assume that all money belongs to the government and the people are privileged to get back some of the product of their labor, then the money doled out to the pockets of Americans must be expenditures.

It works like this. You buy a home and pay lots of interest to the bank in the form of a mortgage. When at the end of the year we add up your income, you are allowed to deduct the interest you paid to the bank from that income. This lowers your overall income tax bill.

Republicans believe that the lower tax bill is your total tax bill. Obama believes that your tax bill was actually higher, and the government was giving you money to help pay the mortgage. Hence, when he takes away your mortgage deduction, he is actually cutting government “tax expenditure.”

So Obama is actually cutting government spending by increasing your taxes. You must credit the Obama team for this genius marketing of tax increases.

Democrats believe that all your earnings, all your property, rightfully belongs to the Government, they merely allow you to keep or receive a portion of those earnings, or property, or even a portion of your “pursuit of happiness” to, well… Keep you happy. Bread and Circuses. There must be a Czar in the administration that can change the Declaration of Independence to read the way the Democrats see things. I’m sure that will be happening soon.

We hold these truths to be self-evident, that all men are created judged equal by their betters, that they are endowed by their Creator beneficent Government with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness lifetime of servitude on the Government Teat.

That’s a huge step forward, ain’t progress grand?

nessa
Retired Paratrooper, Biker, Tattoo Artist

9 COMMENTS

Leave a Reply

9 COMMENTS

  1. Sometimes, Nessa, you just sit and shake your head at the things they come up with. They called taxes “contributions” at one point. The envirowhackos went from Global Warming to Climate Change to Global Climate Disruption.

    • Its more of the blossoms of the politically correct tree, something may be what it is but it must be called something else. Tax expenditures/tax increases for example. The problem is it will sell with brainless independents.

  2. I’d say it is about time that the “swing voters” awake to the fact that the Dems use this obscure language in order to hide a big lie. If you can’t figure out what the terminology is saying, you can rest assured that you are being lied to, big time.

    • I don’t trust the “swing voters” to be capable of pouring piss out of a boot when the instructions are printed on the heel. How do you think BHO got elected in the first place? And they are still out there waiting to be convinced by some brilliant advertising ploy like… Hope and Change!!11!!eleventy!!1!

      • Perhaps an object lesson on what “savings from tax expenditures” means on tax day will help. Particularly when it comes to that all-important tax expenditure, better known as the “mortage interest deduction.” Take that away, Barack, go ahead I dare ya. Renters will not be exempt from the pain as landlords will merely increase the tenants’ monthly rent.

        But you are right, nessa, the Rs most likely won’t let that happen. So the swing voters will continue to be stupid until their children and grandchildren inherit the slavery our generation has wrought.

  3. You know, nessa, I do believe that the world started going to hell in a handbasket when the public school system introduced the “new math.” That was a couple of decades or so ago. It took perfectly good math processes and rendered them so confusing that all of us parents who knew our numbers were flummoxed by it.

    And this kind of “government think” is the result. Take a true fact, stand it on its head, punch it in the face a few times to get it confused, and then drop it off in our neighborhoods at night by the roadside for us to find and be horrified by.

  1. Sometimes, Nessa, you just sit and shake your head at the things they come up with. They called taxes “contributions” at one point. The envirowhackos went from Global Warming to Climate Change to Global Climate Disruption.

    • Its more of the blossoms of the politically correct tree, something may be what it is but it must be called something else. Tax expenditures/tax increases for example. The problem is it will sell with brainless independents.

  2. I’d say it is about time that the “swing voters” awake to the fact that the Dems use this obscure language in order to hide a big lie. If you can’t figure out what the terminology is saying, you can rest assured that you are being lied to, big time.

    • I don’t trust the “swing voters” to be capable of pouring piss out of a boot when the instructions are printed on the heel. How do you think BHO got elected in the first place? And they are still out there waiting to be convinced by some brilliant advertising ploy like… Hope and Change!!11!!eleventy!!1!

      • Perhaps an object lesson on what “savings from tax expenditures” means on tax day will help. Particularly when it comes to that all-important tax expenditure, better known as the “mortage interest deduction.” Take that away, Barack, go ahead I dare ya. Renters will not be exempt from the pain as landlords will merely increase the tenants’ monthly rent.

        But you are right, nessa, the Rs most likely won’t let that happen. So the swing voters will continue to be stupid until their children and grandchildren inherit the slavery our generation has wrought.

  3. You know, nessa, I do believe that the world started going to hell in a handbasket when the public school system introduced the “new math.” That was a couple of decades or so ago. It took perfectly good math processes and rendered them so confusing that all of us parents who knew our numbers were flummoxed by it.

    And this kind of “government think” is the result. Take a true fact, stand it on its head, punch it in the face a few times to get it confused, and then drop it off in our neighborhoods at night by the roadside for us to find and be horrified by.

Must Read