Erika Johnsen of Hot Air moans (emphasis mine):
Last week, Sen. Rand Paul elucidated a possible fiscal-cliff route to which an increasing number of Republicans seem to be edging: Obama based much of his campaign on hiking taxes on families making more than 250k/years’, and America went ahead and reelected him. So, go ahead and let the Democrats raise taxes, and then it will be clear which party will be to blame for whatever economic backlash comes afterward.
The obvious questions still being, will low-information voters necessarily blame Democrats for the negative economic effects of tax increases? With the president’s rather amazing capacity for spinning/campaigning, it looks like Republicans may be damned-if-they-do, damned-if-they-don’t unless they seriously step it up on their hitherto lackluster PR-game. …
Reality point number one: There will be no “economic backlash” as a result of raising taxes. There is no correlation between tax cuts and economic growth.
Reality point number two: A majority of Americans — 60% in this Politico/George Washington University Battleground Poll — support tax hikes on high income earners — specifically, couples making over $250,000 a year. And in a recent Quinnipiac University poll, “65% of registered voters support higher taxes on incomes over $250,000 per year.”
This fantasy the right has about the magic power of tax cuts to create jobs, despite all evidence to the contrary, is astounding. It’s a mass delusion.
This post was read 54 times.