The sequester showdown isn't really about spending cuts

Despite the rhetoric about how damaging the automatic spending cuts mandated to take effect on March 1 will be, the debate on Capitol Hill isn't really about spending cuts at all.

In fact, President Obama has already proposed more spending cuts that the sequester would guarantee — including to Social Security and Medicare programs — if the Republicans would just agree to close certain "tax loopholes."

Why wouldn't Republicans want greater spending cuts in return for additional revenue?

It's because the sequester fight is about protecting current low tax rates on capital gains and dividends and keeping open the carried interest loophole that hedge fund and private equity managers use to reduce their own tax burden.

Is it closing 'tax loopholes' or is it flat our raising taxes on certain groups of people?

You can tell someone is lying when they say "loophole".

Is it closing 'tax loopholes' or is it flat our raising taxes on certain groups of people?

Do you support cap gains tax rate on $B's "earned" by hedge fund managers?

How much exactly should the government take from rich people compared to poor people?

In fact, President Obama has already proposed more spending cuts that the sequester would guarantee — including to Social Security and Medicare programs

Is it closing 'tax loopholes' or is it flat our raising taxes on certain groups of people?

That's a load of bull. The left wing doesn't count all the spending increases they have demanded; just the cuts.

It's amazing! I wish I could do my bank account that way.




The Democrats are, for instance, attacking LIFO accounting, which has existed by 70 years.

They know full well that their favored corporations like Apple and Google aren't affected, and that it only really hits the energy sector and manufacturing.

or count the decrease of a planned increase as a cut

Look honey - I saved our budget by cutting $50,000! Yeah I was planning on buying a Mercedes but instead bought a Kia, nevermind we couldn't afford any new car....

... The leftwing plan cuts spending in the future. .

Any major cuts the left agrees to is always in the future ... and the Repubs ALWAYS fall for it.

isn't compromise wonderful?