Robbing Truman to Pay Roosevelt
July 29th, 2006I say, my dear lads, someone tell Harry Truman the big news — Republicans have passed a minimum wage increase! Except, it’s not that simple. They coupled it with an cut in the estate tax. Clearly, this is a ploy by the do-nothing Republicans to appear as if they do-something, and it’s merely a way for them to be able to say, “Hey, we tried to pass a minimum wage increase!” when they didn’t. Passing this bill would cost the government three hundred billion dollars in lost estate taxes. Isn’t that grand? Several thousand times so!
Needless to say, Democrats won’t pass this, and that’s the right thing to do, considering our overall budget and the integrity of our legislative process. Color me idealistic, but there’s something absolutely disgusting about the dishonest insertion of something into a bill so as to deliberately kill it for political purposes. It’s an attempt to rob Harry S. Truman to pay Franklin Delano Roosevelt, and Harry Reid won’t stand for it.
In other economics news, the Economy’s growth is slowing. The only obvious answer is to cut taxes!