Wednesday, January 30, 2002 Volume 67, Issue 82


 
 









 

Promises mean nothing to liberals

Matthew Caster

Since the beginning of time, mankind has contemplated two inevitable truths: death and taxes. Thanks to advances in
modern medicine, we are now often able to cheat the former, at least for a while. Thanks to ignorant politicians in
Washington, we may soon be paying a lot more of the latter.

I don't know about you, but I don't particularly care for paying taxes. Maybe I'm just weird. There's just something about
knowing that at least 15 percent of every dollar I earn on the job goes to that money-munching machine in Washington, D.C. 

When I spend the money I actually do get out of my paycheck, I pay even more taxes. Every gallon of gasoline I buy includes
nearly 40 cents of tax. Every purchase I make is accompanied by that horrible 8.25 percent sales tax. When all's said and
done, I'm lucky if I see 60 cents of every dollar I earn.

That is why I was so jubilant when, last March, President Bush's $1.3 trillion tax cut exploded through Congress. I say it
exploded because the bill had no trouble sliding through the House, and squeaked through an evenly divided Senate with 12
votes to spare.

The best part about this tax legislation is that everybody got something out of it. Every tax bracket was slashed, even mine,
way down at the bottom. I was giddy when I thought about how much more money my meager paychecks would bring home.

But those were different times. This is now.

Now we're in a recession for the first time in a decade. Unemployment is higher than it's been for many years. The dark
economic clouds now cast over this great nation seem darker still as we are reminded of the smoldering symbols of American
capitalism, now a heap of rubble at the south end of Manhattan.

The Democrats in Congress, with an eye toward the coming midterm elections, have attempted to fault the Bush tax cut for
this economic slowdown. Indeed, Senator Ted Kennedy (D-Mass.) and House Minority Leader Richard Gephardt (D-Mo.) are
now leading an effort that would postpone the tax cut until the government deficit is restored to a government surplus.

But the tax cut is not the cause of this recession, nor should it be postponed. First of all, the most recent economic data
indicates that the recession began around the same time the Bush plan got through Congress, i.e., before he signed it into
law.

Second, any economist knows that fiscal policy takes eight to 12 years before its effects really take hold. That indicates that
tax policy by George H. W. Bush or Bill Clinton probably had more of an effect on the onset of this recession. There's no way
liberals can blame the elder Bush ... They already blamed him for the last recession.

My guess is that the massive tax hike Clinton signed in 1993 sucked enough money out of our pockets to finally have an
effect.

A tax cut is the shot in the arm this country needs to move down the road to economic recovery. The greatest contributor to
our economic production is consumer spending; what better way to get Americans to spend money than to give them more of
it to spend?

These plans by Congressional Democrats to postpone the tax cut are unwarranted, and in fact nothing more than an outright
lie to the American people. You and I both were promised tax relief last March.

The instant Bush signed that bill into law, a contract was signed with the American people. That contract says that over the
next decade, all our tax rates are going down. The liberals in Washington want to break that contract.

There is no other way to put it, friends. Anyone who thinks this tax break should be postponed or eliminated has but one goal
in mind: to take away hard-earned money promised to you. 

You want to pay higher taxes? Do it, and just tear up your refund check when it arrives but leave me out of it. I've got better
ways to spend my earnings.

God bless America.

Caster, a senior chemical engineering 
major, can be reached at patrioticcatmaster@yahoo.com.


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