The sky’s been falling on Wall Street, and now hell is officially freezing over: Harry Reid is defending the same tax cuts that he once opposed and blasted as being “for the rich.”
So says Susan Jones of CNS News, who is reporting on the Senate debates of the “rescue bill” (still an Obama-ism, still smacks of false victimology, still hate it).
In an attempt to grease the Senate wheels on this bill, Reid now says he supports an Alternative Minimum Tax relief: $8 billion for natural disaster victims, and $78 billion in renewable energy incentives and extended tax breaks.
Reid’s commentary included statements like “we’ve got to get this done” and “it would be a blight on this Congress not to pass these tax extenders” and “tens of thousands of jobs will be created.”
How wonderful that liberal Democrat Harry Reid has finally admitted that tax cuts help businesses and create middle class jobs.
Pigs, commence flight.
Update: George reminds us that Obama had a revelation on taxation also: when he said that as president he would delay rolling back the Bush tax cuts if the economy was weak…essentially acknowledging that tax hikes hurt the economy.
2008 October 1
Reminds me of a couple weeks back when Obama said he will keep the tax cuts that are destroying us if the economy is in a recession.