Liberal think: Nancy Pelosi claims tax cuts are spending...

Only in an alternate universe, where all the money belongs to the government, is a tax cut spending...

(CNSNews.com) – House Minority Leader Nancy Pelosi (D.-Calif.) said today that the government must cut spending, and then explained that: “Tax cuts are spending.”

“Our whole budget is what $3.5 trillion,” Pelosi said at a Capitol Hill press conference. “So, when we talk about reducing spending, we certainly must, and we certainly have–$1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act.

“But spending is also related to tax cuts,” said Pelosi. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks.

Barack Hussein Obama: All Republicans have to offer is tax cuts and reduced regulation...

                                          Click here for video

Sounds good to me.

Via RCP:

“All they’ve got to offer is the same prescriptions that they’ve had for the last 30 years. Tax cuts, tax cuts, gut some regulations, oh, and more tax cuts,” President Obama said at a campaign event in Portsmouth, NH today.

“Tax cuts when times are good, tax cuts when times are bad. Tax cuts to help you lose a few extra pounds. Tax cuts to improve your love life. It’ll cure anything, according to them,” he said.

Video is here…

Obama: Tax cuts are "Fairy Dust" or something...

 Obama the clueless:

[Tax cuts] It is not a plan to create jobs....

Obama: 'They Have Tried To Sell Us This Trickle-Down, Tax-Cut Fairy Dust Before'

Bipartisan Payroll Tax Cut is going to raise the Obama Deficit

Republicans wanted budget cuts to offset the payroll tax cut, but Obama wanted more taxes on the wealthy. Now Obama gets credit for raising the deficit. It looks like the derp is on Obama for this one.

Via USA Today:

The payroll tax cut recently enacted by Congress and signed by President Obama will increase the federal budget deficit this year, the Congressional Budget Office says.

What's more, the deficit is likely to be a little deeper than estimated in 2013 and 2014 as well.

The agency's latest report, which updates its forecast from January, shows a likely deficit this year of $1.2 trillion, rather than the $1.1 trillion originally projected. It shows the deficit declining to $1 trillion in 2013 and $953 billion in 2014, both a bit higher than January's forecasts.

Liberal Democrats Attack Obama For Supporting Payroll Tax Break

President Obama supports the payroll tax break because it reduces the social Security tax American workers pay. Only half of workers owe any Federal Income tax, but they all pay social Security tax. You would think liberals would support this plan because it gives money to their constituents who aren't Federal Income taxpayers. You would be wrong. Liberals don't really want to cut anyone's taxes. They want more spending.

(The Hill) — Liberal Democrats are stepping up their attacks on President Obama for his plan to extend a payroll tax break by a year.

Rep. Peter DeFazio (D-Ore.) blasted Obama last week for his “stupid Social Security tax holiday,” arguing that money would be better used on more stimulative spending.

He and other liberal lawmakers fear the extended tax holiday might make a permanent cut more likely, thus slashing Social Security’s primary funding stream and threatening future benefits.

“It’s a unique tax break. You don’t just give away money, you have to borrow money to give away money, to restore the Social Security trust fund,” DeFazio said Friday. “If you’re going to borrow $110 billion, spend it on infrastructure [and] put 4 million people to work instead of pissing away 25 bucks a week, which is what we’re doing now.”

The fight over the payroll cut replays a debate from December, when Obama and Senate Republicans cut a deal to slash workers’ payroll taxes from 6.2 percent to 4.2 percent this year as part of a larger package to extend the George W. Bush-era tax rates.

I support the payroll tax cut, but cutting taxes on small businesses and entrepreneurs wold create more jobs. 

VP Joe Biden: Obama's Tax Cut Deal “Morally Troubling”

I was wondering when VP Joe Biden would find something that was "morally troubling." We shouldn't be surprised it is tax cuts for all Americans he objects too.

(Washington Times)- Vice President Joseph R. Biden Jr. on Sunday defended what he acknowledged as a “morally troubling” decision by President Obamato extend tax rates for all Americans as part of wide-ranging interview on key national and international issues.

Mr. Biden said the president still thinks extending the George W. Bush-era rates for the country’s highest wage-earners, along with everyone else, is “morally troubling.” He said the president broke his 2008 campaign promise on the issue to help only the middle class.

Harry Reid and Nancy Pelosi Fail to Show Up for Tax Cut Signing

I guess they don't want to be associated with tax cuts. It might offend their liberal base.

(Politico) — House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid will skip President Obama’s bill-signing ceremony for the tax-cut compromise at the White House on Friday.

Spokespeople for both offices said the Democratic leaders would be taking care of business on the floor of the Senate and the House and wouldn’t be able to make it.

Obama forced to beg for help from blue dogs he cost their jobs

President Obama twisted the arms of blue dog democrats to pass the Stimulus and Obamacare. Those votes cost up to 52 House democrats their jobs. With liberals revolting over his tax compromise, President Obama needs the blue dogs to bail him out again.

The Wall Street Journal reported:

President Barack Obama is looking to an unlikely quarter—lame-duck Democrats who lost partly because of him—to help quell a revolt by House Democrats opposed to his tax deal with Republicans.

Administration officials Friday continued to scramble to build support among the 52 Democrats defeated in November, a group that comprises a substantial number of conservatives and centrists from Republican-leaning districts who failed to withstand the anti-Obama wave of the midterm elections.

Many of these Democrats are already on record supporting an extension of existing tax rates for all taxpayers, but in recent days they have been eclipsed by an anti-Obama uproar from liberals who dominate the House Democratic Caucus. That puts the White House in a curious position of needing the support of lawmakers who lost their jobs in part because of the president.

Rep. Keith Ellison (D-Mn) has a plan to stop tax cuts: Create a crisis

Rep. Keith Ellison (D-Mn) has a plan to stop tax cuts: Create a crisis



But he doesn't blame Obama.

Harry Reid Sweetens Tax Cut Deal With Democrats Favorite Meat: Pork

Harry Reid is gathering his fellow Senate democrats around the trough for another round of pork-laden backroom deals.

(Heritage Foundation) Well now Senate Majority Leader Harry Reid (D–NV) has submitted a bill, and it is clear that negotiations are still very much open … at least for the left. Politico reports that in order to buy the votes of Senators Maria Cantwell (D–WA) and Barbara Boxer (D–CA), Reid added cash subsidies for wind and solar corporations that were originally part of Obama’s first failed stimulus. And Senator Tom Harkin (D–IA) was also able to trade his vote for more ethanol subsidies. Other “sweeteners” added to buy leftist Senate votes include subsidies for energy-efficient appliances and mass-transit benefits for employees.

Rep. Michele Bachmann on Obama's claim Republicans want to end middle class tax cuts: “Obama Flat-Out Lied” (Video)

Rep. Michele Bachmann calls out our Liar-in-Chief.



From the video:

“He said for instance…that Republicans want to end middle class tax cuts. I thought ‘are you kidding me? The Republicans want to end middle class tax cuts?’ He said that it’s his job to grow the economy. He made one kinda odd statement after the other. And he said Republicans oppose various credits for the middle class. Those are flat out lies!”

How many times did Obama promise to roll back the Bush tax cuts?

A list of 13 times has been complied by Byron York. Now you know why liberals heads are exploding.

Why are liberals so upset by Barack Obama's agreement to extend all the Bush tax cuts, even those on the highest-earning Americans? Perhaps because they believed what he said during the presidential campaign. Just as a reminder, here is a non-exhaustive look at candidate Obama's statements on the Bush tax cuts:

"It's true that I want to roll back the Bush tax cuts on the wealthiest Americans." Chester, Pennsylvania, October 28, 2008

"We are going to roll back the Bush tax cuts on the wealthiest Americans, those making more than $250,000 a year." Lake Worth, Florida, October 21, 2008

"Yes, I'm going to roll back the Bush tax cuts for the very wealthiest Americans." New Philadelphia, Ohio, September 3, 2008

Read the rest here.

Harry Reid has a plan for how you can spend your tax cut. It's online poker.

Senate Majority Leader Harry Reid is trying to add online poker legalization to the tax cut package.

(Politico) — Senate Majority Leader Harry Reid is trying to use the tax cut package President Barack Obama brokered with Republicans to legalize online poker, POLITICO has learned — a move that could further complicate the deal Obama announced Monday.

Already, the online poker proposal has exposed the Nevada Democrat to charges of flip-flopping on a controversial issue, as well as using his Senate leadership position to repay big casino interests that helped him win reelection in a hard-fought campaign against Republican Sharron Angle last month.