Palin Writes Down Cost Of Extending Bush Tax Cuts On Her Hand, But She Still Gets It Wrong
Since he was on the campaign trail, President Obama has proposed renewing the 2001 and 2003 Bush tax cuts for the lower- and middle-class, while allowing them to expire on schedule at the end of the year for the richest two percent of Americans. Republicans, however, have begun to obfuscate the issue by saying that the end of the year will bring history’s largest tax increase, deliberately leaving out that Democrats have proposed extending most of the cuts.
Rep. Mike Pence (R-IN) pulled this rhetorical trick last week, saying “Democrats are poised to allow the largest tax increase in American history to take effect,” and on Fox News Sunday today former half-term governor Sarah Palin went down the same road. Fox’s Chris Wallace rightly pointed out that “the Republicans keep talking about being deficit hawks. This is $678 billion you are not going to pay for.” Palin responded “no, this is going to result in the largest tax increase in U.S. history. Again, it’s idiotic.”
Wallace proceeded to let Palin spend the next minute reading from notes on paper that she had written down. He interrupted her just for a moment to ask if she had anything written down on her hand, to which she responded that she did:
PALIN: My palm isn’t large enough to have written all my notes down on what this tax increase, what it will result in.… Democrats are poised to cause the largest tax increase in U.S. history, it’s a tax increase of $3.8 trillion in the next ten years and it will have an effect on every single American who pays an income tax. Small businesses, especially, will be hit hardest. Small businesses account for roughly 70 percent of our job creation in this country. So raising taxes on these employers is the worst thing that can happen.
WALLACE: Can I ask you, what do you have written on your hand?
PALIN: $3.8 trillion in the next ten years, so I have didn’t say $3.7 trillion and get dinged by the liberals saying I didn’t know what I was talking about.
Watch it:
Despite the preparation of her “cheat sheet,” she still doesn’t know what she is talking about.
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http://thinkprogress.org/2010/08/01/palin-bush-cuts/