Rep. Steve King Joins Deficit Fraud Caucus: There’s No Need To Pay For The Bush Tax Cuts

[Joanne98]

Rep. Steve King (R-IA), who spends a lot of time stoking fear about deficits under President Obama, explained on MSNBC this morning that the “difference” between President Bush and Obama is that Obama is spending far too much.

However, later in the very same interview, King threw concern for the deficit out the window, saying Congress should extend the Bush tax cuts for the wealthy, and that there is no need to pay for the $678 billion in lost revenue they represent. “You don’t have to ask for a paid-for” to offset tax cuts, King said, before making the ludicrous claim that Bush’s cuts “increased revenues”:

SAVANNAH GUTHRIE: Since you are, I’m presume, support extending the Bush tax cuts, do you think that you guys should figure out a way to pay for them, since it will add to the deficit, decreasing government revenues?

KING: <...> They have stimulated the economy. It is not paid for with offsets, those tax cuts have been in place as you characterized them, since May 28th of 2003. This is a continuation of a tax policy, so I would say you don’t have to ask for a paid-for continued tax policy. This is a tax increase if we let this happen without doing something happen about it. They have also demonstrated they increase in revenue with the capital gains as a part of that.

Watch it
http://thinkprogress.org/2010/07/28/king-bush-tax-cuts/

[hobbit709]

1. King's brain and mouth have never been in the same reality.

as the rest of the world.

[sinkingfeeling]

2. Pssst Steve, then keep your mitts off of Medicare and Social Security since they're a continuation

of policy from 45 and 70 years ago.