Reid Will Never Bring It Up

You do know that wasn’t a sincere budget speech Barack Obama gave Tuesday, don’t you? Obama knows full well that Senate Majority Leader Harry Reid has no intention of ever allowing this budget to come before the Senate for a vote. The last time an Obama budget was voted on in the Senate it lost … 97 to zip. The Senate hasn’t passed a budget in well over 1000 days … and they have no intention whatsoever of taking this phony Obama budget up.

This budget is campaign material. To understand that this is a campaign ploy just do a slow cruise of newspaper headlines from around the country. "Obama proposes higher taxes on the rich." Mission accomplished! That’s the message Obama was trying to get out; not that he was serious about bringing our spending under control; not that he recognized the danger in runaway entitlement spending; but that he wanted to raise taxes on the rich. THAT is what Obama followers wanted to hear.

Obama says that he is going to reduce the deficit by increasing taxes on the rich. There’s an interesting little rule in Washington that allows Obama to make this claim without being laughed off the podium. Obama will tell us that the Congressional Budget Office finds that his tax increases will bring in X amount of additional revenue. There’s a glitch here though. The CBO MUST assume that the evil rich will not change either their earning or investing behavior when the taxes go up. The assumption that must be made is that the rich will do nothing to lower their tax burden.

Republicans are trying to change this rule, but as you might expect they are running into a lot of resistance from Democrats. Somehow Democrats feel they will be hurt if the CBO has to make a more honest and realistic assessment of the affect of tax policies. If the CBO says "Hey .. hold on! If you raise this tax the people paying the tax are going to adjust their economic behavior and you simply aren’t going to get the revenue you think you will get" the Democrats will lose the tax increase argument time after time. They can’t allow that to happen.

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