Democratic Senator Chuck Schumer Calls Out GOP’s ‘Rumpelstiltskin Fairy Tale’ On Taxes

[Tx4obama]

Democratic Senator Calls Out GOP’s ‘Rumpelstiltskin Fairy Tale’ On Taxes

Speaker of the House John Boehner (R-OH) yesterday, in a move that many in the media deemed conciliatory, said that House Republicans are open to raising more revenue for the federal government, as long as it comes “as a byproduct of growing our economy, energized by a simpler, cleaner, fairer tax code, with fewer loopholes and lower rates for all.”

Believing that lower tax rates will magically raise revenue thanks to a growing economy is a favorite conservative fantasy. (It’s been dubbed believing in the “tax fairy.”) Today, Sen. Chuck Schumer (D-NY) responded to Boehner’s speech by calling it “a Rumpelstiltskin fairy tale“:

Schumer derided the theory that substantial revenues can be raised without increasing the tax burden on the wealthy.

“Part of his speech he talked about dynamic scoring, this idea if you cut taxes you increase revenues,” Schumer said.

“It’s about time we debunked that myth, it’s a Rumpelstiltskin fairy tale, dynamic scoring. You may remember Rumpelstiltskin was the fairy tale figure who turned straw into gold,” he added, making reference to the popular German children’s tale from the 19th century.

-snip-

Full article here: http://thinkprogress.org/economy/2012/11/08/1167281/schumer-boehner-rumpelstiltskin/

[SutaUvaca]

1. No way was Boner being conciliatory.

I see his crap speech as simply setting up a future press conference where he declares "Oh my we try to compromise and the President just refuses to work with us." If they can write up a bill for more tax breaks for millionaires and call it The Glorious Jobs Creation Act Number 27, they certainly will be just as happy to present yet another bill for more tax breaks for millionaires and call it The Much Awaited Most Marvelous Tax Reform Act.

'Twould be interesting to see if Grover Norquist's unconstitutional pledge ever, ever, gets repudiated by the repugnakins. Maybe then I might start to believe that Boner's great, great grandchild has learned that compromise is a two way deal.

[DCKit]

2. OK, let's give 'em an 80% tax rate with deductions for actually creating jobs.

Is that not fair?