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October 18, 2008

To Democrats, "Cutting" Taxes Means Not Raising Them

Justin Katz

Surprisingly, here's a point I haven't heard made:

One thing: the 95% number is fundamentally dishonest because I'm pretty sure it measures against the CBO baseline — which assumes all of the '01 and '03 tax cuts expire in 2010. Politically, that's nonsense. But it allows Obama to count extending the politically popular Bush tax laws as an "Obama tax cut."