Steve Benen reminds us of a forgotten detail: Bush’s tax policy was a failure. And that’s a handy thing to remember in the battle over the soon-to-expire tax cuts.
While we’re busily recalling important facts, here’s another: These tax cuts were set to end automatically by the very Republicans who are now complaining about their expiration.
And now, my latest three-verse limerick:
Tax Cut Tomfoolery
By Madeleine Begun Kane
Bush’s tax cuts are due to expire.
Their effects were quite bad — even dire.
The deficit climbed,
The economy slimed.
So why are the Dems under fire?
These cuts were a GOP plan
By the millionaire’s tax-cutting clan.
They promised a boost,
But the tax cuts produced
A big mess. Why should Dems be a fan?
Yet Republicans push and cajole —
More cuts for the rich is their goal.
They make stale, hollow claims
To bolster their aims —
No remorse for the good times they stole.