Kay Bailey Hutchison, jackass

[marmar]

from ThinkProgress:



Kay Bailey Hutchison’s Bizarro World: ‘Every Major Tax Cut In History Has Created More Revenue’

In the budget released today, the Obama administration announced that it would end the Bush tax cuts on the wealthiest Americans, as well as shut off loopholes that effectively eviscerate corporate tax revenues, all in an effort to fuel a robust domestic agenda and start lowering the deficit.

Predictably, the right wing is up in arms over the small tax increase for the richest businesses and families. Sen. Kay Bailey Hutchison (R-TX) complained to a friendly crowd at CNBC this morning that Obama’s tax increases would harm the economy, and insisted the best way to raise revenue is to cut taxes:

HUTCHISON: I think we get revenue the way we’ve done it in the past that has been so successful in the past and that is tax cuts…Every major tax cut we’ve had in history has created more revenue.

Watch it: http://thinkprogress.org/2009/02/26/kbh-tax-cuts-revenues/


The notion that cutting taxes somehow — magically — increases government revenues is a myth that won’t die. “The claim that tax cuts pay for themselves…is contradicted by the historical record,” reported the Center on Budget and Policy Priorities, which showed that revenues grew twice as fast in the 1990s, when taxes were raised, than in the 1980s, when taxes were cut. FactCheck.org called a claim like Hutchison’s “highly misleading” and stated the obvious fact that “we can’t have both lower taxes and fatter government coffers.”

“Everything you’ve heard about how revenues have boomed since the Bush tax cuts is wrong,” economist Paul Krugman wrote, noting that government revenues climbed steadily through the Clinton administration, then plunged dramatically following the 2001 Bush tax cuts. And falling revenues during tax-cutting Republican administrations means growing debt: http://thinkprogress.org/2009/02/26/kbh-tax-cuts-revenues/


Hutchison must be looking at a different “history” than everybody else.

Update: Also during the CNBC interview, Hutchison was asked if "it's necessary to postpone our nations answers to health care because it costs too much." She responded, "I certainly do."


http://thinkprogress.org/2009/02/26/kbh-tax-cuts-revenues/

[ananda]

1. Texas is a jackass state.

Kay Bailey is very popular here in Texas.

Don't ask me why. I never could stand her.

She's also likely to be the next governor.

Uggghhh

[GreenPartyVoter]

3. You poor dear. :^( That will be a long and annoying 4 years.

[EFerrari]

11. How is that possible. Texas was about to go blue, I thought?

Yikes. We can't let that happen. Too many great DUers in TX. :scared:

[snappyturtle]

2. I find KBH such an embarrassment.

:(

[gratuitous]

4. So why were we running such huge deficits under Bush?

Bush the Stupider ran the largest federal deficits in history, not counting outlays for his imperial wars, and KBH along with her Republican cohorts cut taxes, cut taxes, and cut taxes some more for their overrich benefactors and friends. Why were the deficits under Bush so heueueueuge, Kay?

Well, I'm sure the "friendly crowd" at CNBC didn't have the bad taste to ask the multimillionaire Senator such an impertinent question. All such good friends are they.

[Hello_Kitty]

5. If that's true then people like Grover Norquist should be demanding tax increases.

Since higher taxes leads to less money for government, right? Wouldn't that hasten the glorious day when the bathtub drowning could take place?

[Thrill]

6. TAX CUT TAX CUT TAX CUT TAX CUT Are these people even capable of a new thought?

[Goblinmonger]

7. This is the same KBH

of the "let's impeach Clinton and he better answer because it is important" and "this noise of impeaching Bush is silly and I hope he doesn't take his important time to respond" right? She's a frickin' idiot.

[blogslut]

8. Senator Hutchison wants to be TX Governer

She has relatively good hair and that's all one needs for the job. I think Perry's auditioning for the lead in the GOP casting calls but he's playing it coy. He can actually ride a horse, you know. If Ricky becomes star of the rodeo, that leaves room for Kay.

We'll see.

[valerief]

9. Well, how come the Reagan tax cuts and Bush tax cuts didn't work?

:shrug:

[Vinca]

10. Then why aren't we rolling in dough, Kay? What about the Chinese credit card?

These people need to give this bullshit up.