Obama Misrepresents Tax Relief Figure
From the latest in now a long line of mendacious websites from the Obama camp, Recovery.gov:
Where is Your Money Going?
The American Recovery and Reinvestment Act targets investments towards key areas that will save or create good jobs immediately, while also laying the groundwork for long-term economic growth. The charts and numbers below give you an idea of where the money is going.
Over the upcoming months, we will provide more information on the distribution of funding by Federal agencies. In order to give small businesses and Americans across the country a chance to apply for recovery dollars to create and save jobs, some funding may not be distributed until this summer. New information on the allocation of funds will be posted on Recovery.gov as it becomes available.
* Tax Relief - includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.
[*] State and Local Fiscal Relief - Prevents state and local cuts to health and education programs and state and local tax increases.
Please note the footnotes.
We think it is safe to say that most people think of “tax relief” as lower taxes.
But the so-called “tax relief” doesn’t seem to involve just lower taxes.
Instead $123B ($15B + $61B + $25B + $22B) of the $288B figure for “tax relief” seem to be for other things besides “tax relief.”
Perhaps there are some tax breaks involved in “infrastructure and science” and “protecting the vulnerable.” But we doubt it.
We doubt that “the vulnerable” even pay taxes.
And does anyone really believe that the “State and Local Fiscal Relief” will stop the state and local governments from raising taxes?
If so, someone should tell California.
Yet this is what Mr. Obama calls open and honest government.
This is what he calls “accountability transparency.”
Still, there is something poetically just about representing these figures as bubbles
Where is Your Money Going?
The American Recovery and Reinvestment Act targets investments towards key areas that will save or create good jobs immediately, while also laying the groundwork for long-term economic growth. The charts and numbers below give you an idea of where the money is going.
Over the upcoming months, we will provide more information on the distribution of funding by Federal agencies. In order to give small businesses and Americans across the country a chance to apply for recovery dollars to create and save jobs, some funding may not be distributed until this summer. New information on the allocation of funds will be posted on Recovery.gov as it becomes available.
* Tax Relief - includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.
[*] State and Local Fiscal Relief - Prevents state and local cuts to health and education programs and state and local tax increases.
Please note the footnotes.
We think it is safe to say that most people think of “tax relief” as lower taxes.
But the so-called “tax relief” doesn’t seem to involve just lower taxes.
Instead $123B ($15B + $61B + $25B + $22B) of the $288B figure for “tax relief” seem to be for other things besides “tax relief.”
Perhaps there are some tax breaks involved in “infrastructure and science” and “protecting the vulnerable.” But we doubt it.
We doubt that “the vulnerable” even pay taxes.
And does anyone really believe that the “State and Local Fiscal Relief” will stop the state and local governments from raising taxes?
If so, someone should tell California.
Yet this is what Mr. Obama calls open and honest government.
This is what he calls “accountability transparency.”
Still, there is something poetically just about representing these figures as bubbles
Comments