From the Washington Times:
President Bush yesterday called for making his tax cuts permanent for the first time since signing a major tax-cut package in May that was touted as temporary in order to keep the price tag low. Critics saw the move as an attempt at yet another tax cut “costing more than $1 trillion over the next decade” at a time when Democratic presidential candidates are demanding that Mr. Bush repeal even his earlier, temporary cuts.
Cost whom? Blank out.
Tax cuts cost the government nothing, because government officials did nothing to produce the wealth that is taxed, to begin with.
Taxes cost taxpayers wealth because it is they, and not bureaucrats like Dean, Gephardt, Rangel – and even President Bush -who in their positions as government officials produce no wealth (as least George W. Bush has the decency to allow all taxpayers to keep more of their money).
It is taxpayers who had to work for and earn that wealth that is taxed–and the cost of that tax is the physical and mental effort they had to expend to produce that wealth that is involuntarily taken from them. All government has to do to get wealth is to point a machine gun at a disarmed citizen and threaten them with fines and imprisonment.
… “Some critics, who opposed tax relief to start with, are still opposing it,” [Bush] said. “They argue we should return to the way things were in 2001. What they’re really saying is they want to raise taxes.”
“People are more likely to find work if businesses and their workers can be certain that the lower tax rates of the last years will stay in place,” Mr. Bush said. “Today, you don’t have that confidence. That’s because at the end of next year, the $1,000 child tax credit will shrink to $700. In 2008, capital-gains taxes are scheduled to rise by a third. In 2011, the ‘death tax’ on estates will reappear just one year after being phased out. That doesn’t make any sense,” Mr. Bush told the business owners, who interrupted him with numerous standing ovations during the 42-minute speech. “We’re going to phase out the death tax — which is a bad tax to begin with — and then let it pop back to life. But that’s reality.”
But, unlike death, it doesn’t have to be.