No Taxes for Rich People!
On Sunday, Arizona Senator John Kyl (Republican) fielded a horrifically direct question from Fox News's Chris Wallace. Wallace stated that the Bush Administration's tax cuts for the wealthiest Americans would cost $678 billion over the next 10 years. Wallace had the gall to ask Senator Kyl how he would propose that those tax cuts be paid for. In response, Kyl offered a requisite declaration that a repeal of the tax cuts would demolish small businesses, presumably because all small business owners are millionaires, and he offered this gem, "You do need to offset the cost of increased spending, and that's what Republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans." Right, because tax reductions don't have real-world consequences, like costs.
