‘Only in Washington Is Not Raising Taxes Considered a Tax Cut’ – Paul Ryan

December 13, 2010 17:27

This is a compromise, and there are parts of this bill I do not like. The worst thing we can do is hit this economy with an across-the-board tax increase on everybody in January. I don’t see this bill as a ‘stimulus.’ I see this bill as preventing further damage to the economy, not injecting growth into the economy. If we don’t pass this, then we will have damage inflicted on this economy.

Only in Washington is ‘not raising taxes’ considered a ‘tax cut’. We’re not cutting taxes. We’re preventing tax increases from occurring. We don’t see this as particularly stimulative; it just prevents bad policies from going forward.

Class warfare might make for good politics, but it makes for rotten economics. At the end of the day, we have to ask ourselves a question in this country: are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare — or — do we want to go after the root causes of poverty and economic stagnation by promoting pro-growth policies and prosperity? That is the difference of opinion here.

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