The Progressive Left is promoting the lie that Bush only cut taxes for the top 2% of income earners. Tim Geithner was pushing this line on the weekend chat shows. MSDNC Talking Head and Progressive Thought Leader Ed Schultz pushed the lie even more explicitly.
You see, I think a lot of Americans think that, well gosh no, we don’t want the tax cuts to expire. Ninety-eight percent of you, it doesn’t even affect you.
It’s a convenient thing for the left to be untethered to the truth, but the fact is, if the tax cuts expire, everyone’s tax rates will increase. Even at the lowest levels, the 10% rate will increase to 15%. (Not that anyone at that level is likely to pay it.) Also, the child tax credit will be cut in half, the marriage penalty will return, capital gains taxes will jump from 15% ro 20%. If 98% of the population won’t see a tax increase, then why haven’t the Democrats just abolished the tax cuts already?
Not to mention what a super-swell idea it is to unleash massive tax increases in the depths of a recession.
Ed Schultz seems to be pushing for the title of Most Dishonest Journalist at MSDNC, by helping Howard Dean push the lie that FoxNews pushed the Shirley Sherrod video before she was fired, even after that lie was completely discredited by Chris Wallace, and, of course, calling FoxNews a bunch of racists.