Thursday, May 10, 2012
Goes to Matt Yglesias, for pointing out that today's House vote to scale back the Child Tax Credit for low-income filers is, well, a tax increase.
Over at Greg's place today, I wrote about today's vote, pointing out that they were cutting spending on popular domestic programs in order to avoid the sequester on military spending -- and in fact, to restore some of the national security cuts made last summer. But I totally missed what Yglesias noticed. There's no question about it; Republicans certainly would count, say, phasing out any credit or deduction so that upper-income taxpayers had higher overall taxes as an increase. Which we all know is absolutely completely and massively forbidden. Except, apparently, when it isn't, which is apparently when it's targeted to low-income parents. So next time you hear Republicans say they would never, ever, ever do the big T, you might want to ask them: What, never?
And: nice catch!