Can you believe this? The Associated Press reports that after President Clinton vetoes the GOP-led Congress' $792 billion tax cut, Democrats are going to blame Republicans for the lack of tax cuts.
Why would they try to get away with such a charade?Because they think they can.
The White House says it's interested in a compromise, about half what's in the GOP bill. Never mind that the $792 billion, 10-year tax cut is minuscule compared to the estimated $3 trillion in surpluses the government is expected to rake in over that same period.
But beyond that, there are still some other serious problems with the Democrats' tax cut scheme. Most of the cuts don't go to income taxpayers. They go to people who don't pay any marginal tax rates, or very little.
That's not a tax cut, it's an income transfer, i.e., a new welfare program. If that's what the liberals want, they should say so and not try to masquerade it as a tax cut.
Other tax cuts the administration proposes would be "targeted" -- a euphemism for giving favored constituencies favored tax treatment. It's also designed to manipulate people's behavior in ways the federal bureaucrats want.
This results in having the government tax people with the same incomes at different rates. Where's the "fairness" in that?
Senate Majority Leader Trent Lott, R-Miss., rightly noted in the GOP's weekly radio address there'll be "No tax cut this year because as far as Mr. Clinton is concerned, your refund is already spent here in Washington."
Lott should be encouraged not to waver from that position. There are 13 appropriation bills Congress needs to send to the White House before year-end adjournment. That's plenty to keep members busy without being diverted into "compromise tax cut negotiations" by an untrustworthy administration.