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Pelosi: Dems Cut Taxes To Historic Low

From The Hill:

Speaker Nancy Pelosi: Democrats reduced taxes to historic low

By Jordan Fabian – 05/11/10

Congressional Democats [sic] are responsible for the lowest U.S. tax bills in a half-century, Speaker Nancy Pelosi (D-Calif.) said Tuesday.

Pelosi was responding to a USA Today report that said Americans’ tax bills in 2009 were at their lowest point since the Truman presidency.

"Democratic leaders in Congress and President Obama have produced the lowest tax bills for the American people in more than half a century," Pelosi said in a statement. "Because of changes Democrats have made in tax policy, more than 100 million Americans have more money to support their families, consumers have more to spend at local businesses and our middle class is reaping the rewards."

The report showed that tax levels fell by 23 percent in 2009 while personal income levels fell by 2 percent. People on average had 9.2 percent of their personal income taken by the government in taxes as opposed to the 12 percent average over the last 50 years.

USA Today credited the Democrats’ stimulus bill for lowering taxes, but also tax breaks put in place by Presidents Bill Clinton and George W. Bush. Lower consumer spending also resulted in lower sales tax receipts.

Democrats have spent the day plugging the report, and Pelosi took a jab at Republicans for not backing the stimulus plan, which included tax credits.

“Despite all their rhetoric, when the time came to support lower taxes for 98 percent of Americans, Republicans in Congress voted no," she said. "Not a single Republican voted for tax relief, even in the midst of the greatest recession since Herbert Hoover that they created through the policies of the Bush administration."

The only “historic low” here is how low Ms. Pelosi and the Democrats will go to lie to the American people.

Yes, Mr. Obama’s stimulus money kindly granted ‘working people’ a paltry $400 tax credit, if they manage to jump through all the hoops on the income tax forms. But that was a drop in the bucket compared to the real causes that the amount of tax collected is so low.

Oddly enough, Ms. Pelosi and the Democrats left out a couple of other reasons for the reduction in tax collected as noted in USA Today’s analysis:

Why the tax bite has eased:

• Progressive tax rates. Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.

• Sales tax. Consumers cut spending sharply in this downturn, thereby paying less in sales taxes.

USA Today was also including property tax in their study. And while they failed to mention that, given the tsunami of foreclosures, there was surely a huge drop in the amount of property tax collected across the nation.

And, of course, if your income goes down – or goes to zero, you are likely to pay less in taxes. And suddenly we are a country where 10% unemployment is the ‘new normal.’

In other words, the ‘Great Recession’ is what caused tax receipts to go down. As any child of twelve could have foretold.

Still, come to think of it, Ms. Pelosi and the Democrats are ultimately right. We do have them to thank, after all.

This article was posted by Steve on Wednesday, May 12th, 2010. Comments are currently closed.

8 Responses to “Pelosi: Dems Cut Taxes To Historic Low”

  1. Douglas says:

    So, let me get this straight. Taxes are low because the government is taking in less in taxes than they are spending. And somehow borrowing money from our children to pay perfectly health people to sit home on unemployment for 2 years is a good thing?

    • mr_bill says:

      No, you got it all wrong. Taxes are the lowest they have ever been because Nancy Pelosi says so and USAToday repeated it (the old you-lie-and-I’ll-swear arrangement), adding even more credibility. Truth comes from allah to nerobama to pelosi to a left wing media mouthpiece to us pleebs.

      Any actual facts are irrelevant, racist, and distractions.

  2. proreason says:

    When over 50% of the country is dumb as bricks, the biggest liar is the most successful person.

  3. NoNeoCommies says:

    I want to pay more taxes!
    I want to pay more because of earning more!
    Nazi Pelosi needs to get her Botoxed bag of bones out of my way in order to have that happen.

  4. Right of the People says:

    Botox rots your brain!

  5. TwilightZoned says:

    What a bunch of braying jackasses.

  6. MinnesotaRush says:

    Yeah they did (not on design or on purpose) .. and they inflated the deficit and debt by trillions. Conveniently forgot to mention that tho’.

  7. Mithrandir says:

    ….AND, don’t forget, Pelosi declared her Congress “The most ethical in history.”

    ~Yeesh, the picture is a big scoop-full of ugly ain’t it?

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