unfunded tax cuts for the 99%
How do you “fund” or “unfund” a tax cut for 99% of the people? It’s an oxymoron, right? When you reduce someone’s taxes, you don’t have to come up with money to do it. It doesn’t cost anything. You just say:
“Okay, you were paying $100.00 each year in taxes. Next year, you only have to pay $75.00.”
How much did it cost to “fund” that tax cut?
Oh! You mean unfunded financial obligations that have no money coming in the bank to pay for them. So if you bought a couple of wars on credit, someone has to pay for them. But if you reduce taxes, like President Bush did, you can’t pay. Oh. Okay. Okay. I’m with you. Unfunded spending is now being called unfunded tax cuts for individuals. Repurposing the term.