Brit Hume: C’mon conservatives, that fiscal cliff bill cuts taxes

https://twitter.com/brithume/status/286132712069287938

Does the crap sandwich passed by the US Senate early this morning raise taxes or cut them? It all depends on how you look at it.

Fox News’ Brit Hume says the bill cuts taxes. That is to say, it extends the Bush-era income tax cuts to taxpayers earnings $400,000 per year or less. In making this argument, Hume is echoing Grover Norquist, who told the Washington Post editorial board last year that “Not continuing a tax cut is not technically a tax increase.”

If you don’t follow the Hume/Norquist logic, read that sentence again: “Not continuing a tax cut is not technically a tax increase.”

Hume’s Fox News colleague Chad Pergram, on the other hand, says the Congressional Budget Office estimates that the bill will result in $620 billion in new tax hikes:

https://twitter.com/ChadPergram/statuses/285974557783912448

So which Fox News guy is right? Does it really matter?

https://twitter.com/bludworth/status/286134401472008192

Whether you call them tax cuts or tax increases, our taxes are going up. And the crap sandwich passed by the US Senate this morning does nearly nothing to reduce federal spending.

https://twitter.com/Rgator904/status/286138617632526336

https://twitter.com/nc_liberty/status/286140703250186241

https://twitter.com/RandyScroggins/status/286139381507579904

https://twitter.com/JoeQuizza/status/286138035144380416

It seems to us that “many on the right” have a very good understanding of the situation.

  • http://twitter.com/JanetPursley Concerned Mom

    Well, maybe Brit doesn’t mind the taxes being reinstated on him and others of higher income but if he thinks it’s good for everyone else he obviously does not have to grocery shop, buy clothes, get Medical care etc on a fixed income. This reinstatement of taxes on the “wealthy” doesn’t hurt them it hurts the fixed income, middle income & poor with higher prices. Does he think it’s ok for Companies to increase their prices just to stay in business because he thinks it’s ok for the higher income people to pay more in taxes. We,ordinary folks, don’t live in a vacuum like they do. Our Nation needs less spending by our wasteful Gov’t… Where are the cuts in spending???? Please don’t assume everyone is as dumb as the folks who voted this Administration back into office.. GOP needs to wise up, including you Mr Hume!

  • http://ConservativeMom.net/ LoriGirl

    What happened to the House? I thought they had a role in tax revenues somehow. Did the Constitution expire this morning?

    • Lamontyoubigdummy

      Sorry. I accidentally hit the down arrow when I mean to hit the up one :/

      But as long as I’m typing, the House don’t got a whole lot to do with taxes with the exception of “negotiation” & the occasional vote. If it’s legislation, taxes come down to the Senate.

      The House does however hold the collective check book/ purse strings. If said House (Repubs) had any balls or…ovaries? (You’re a woman and I want you included in this sentiment, but I don’t know if the ovary thing works) they would’ve responded to Obama’s threat of “I get that for free, & I’ll shame you in my next SOTU address” re: fiscal cliff by canceling the credit cards of the Dept. of Interior, EPA, DOE (energy), DOE (edumacation).

      But…the GOP are worthless c….(that word you gals “fingernails on chalkboard” hate)

    • SineWaveII

      They are voting on the measure today

  • peteee363

    if britt is right, there would be no need to raise the debt limit. so why not automaticaly lower the debt limit every year?

  • Steve_J

    Extending current tax rates does not=tax cut. Not extending current tax rates=tax increase.

  • HARP2

    41 dollars spending for 1 dollar cut……seems like Hume failed at math.

  • Mike Horve

    Hey Brit, I think CNN is looking people like you. We went off the cliff with hanky for a parachute. I hope congress does the job that no one else will do. Tell O to stick his end of USA plan up his ass.

  • $23629333

    Not much mention of the increase in payroll taxes. Apparently, with fewer and fewer people employed, there are fewer and fewer people to complain.

    All the talk about taxing the 1% – or (more precisely) taxing them more – and meanwhile this payroll tax increase will hit everyone who is gainfully employed. That 2% tax is money that otherwise would have gone into the economy. Instead it’ll be lost in D.C.

    Can’t wait to hear what Jose Friedman/Milton Canseco has to say about this.

  • SineWaveII

    I’m sorry but math says that a higher number value = increase. You can parse words all you want but a bigger number of a thing than you had before is the definition of the word “increase”. The amount of taxes that earners over $400,000 a year is going to be a “bigger number value” than it was before..therefore it’s an “increase in taxes paid”. It can’t be anything else.

    The only way it’s not an increase is if your baseline is the period before the cut. But I really don’t think the economy is going to give a crap sandwich about that.

    This is the only thing that matters. The economy is struggling. It’s showing that it’s having a hard time expanding with the burdens placed upon it. Obama just placed another burden upon it. And that’s the only thing that’s going to matter in the long run. Wait and see,.

  • philomena

    Dear Brit, “many on the right” understand that if you discontinue what was originally a tax decrease for those making 400,000 and up, it means an increase. If you maintain the original tax decrease for those under 400,000, it’s not a tax cut. It’s status quo. And it also means that small businesses who gross 400,000 and up will see an impact on the growth of their business, either through layoffs or non-expansion of business. And we haven’t even gotten to the nightmare of Obamacare and its impact. Perhaps, Brit, you, as do “many in the press,” don’t comprehend this, because you work for someone, you have a nicely feathered nest, and you don’t own a business.

  • http://twitter.com/ACatholicKnight KEVIN

    Washington Insiders are truly delusional

  • orringtonmom (D)

    if it quacks like a tax hike…

  • An American Veteran

    There is only one thing that is certain, a wholesale clearing of GOP Incumbents in the next election, we need people with the balls to say “No”

  • http://pennyrobinsonfanclub.net/ Penny Robinson Fan Club

    Are there any actual spending cuts contemplated?

    • http://www.theconservativevoices.com/ dmacleo

      yes.
      our ability to afford anything….

  • stuckinIL4now

    “Semantics” has been the word echoing in my head. Just trade one piece of bs for another. To my thinking, should this peessuhbulloney pass the the House, it’s the Bush tax rates for the $450/$400 and under, and for the over’s and the others (estate taxes, etc.) it’s the Obamuh tax increases.

  • blueniner

    FOX Beltway RINO Britt Hume just threw up on himself!

  • MovingToNevada

    What part of increasing the capital gains taxes from 15 – 20% did he miss?

  • http://profile.yahoo.com/44F4AB4VSCTOCHBMBG4ZWWD5OU Laurel

    Wow Brit! Perhaps you should get out of the swamp.

  • Gallatin

    No Brit I completely understand that even though I make considerably less than $400,000 my taxes are going up. No they may not be taken upfront from my paycheck each pay period but taken sneakily as the leftover dollars that the government lets me keep are able to buy less and less.. I understand that the profligate spending and printing of money to cover this spending is also a tax.

  • JustSayin

    Brit: Get out of the beltway. Take a look at the USA from another perspective. If nothing changes it is NOT a tax cut. Cutting taxes means my take home pay INCREASES.

    • JimmyJusticeUSA

      at midnight the tax rates went up automatically so technically the bill was to cut taxes.

  • http://www.theconservativevoices.com/ dmacleo

    if I promise to give you 20 today but wait until 1am tomorrow to do it I did not save 20.
    if this bill had been passed 12 hours earlier what would he have said then?

  • Dano481971

    Technically Brit Hume is correct. The bill did cut taxes. As of 12:01am on Jan 1st, all of the Bush tax cuts expired, as well as the FICA temporary reduction. So the bill did cut the marginal rates for anyone making less than $400,000 a year. If the bill had not passed, in addition to paying the higher pay roll taxes, everyone would be paying higher marginal rates. That’s what Brit Hume is arguing. He is correct. Even under the Republican’s ideal plan, the payroll tax cut was going to be phased out this year, so anyone complaining about paying more taxes, you should stop because the 2% increase in FICA was going to happen no matter what. Now I agree, the Republicans should have gotten more spending cuts, but as far as the tax increases, they got about the best deal then could have.

  • Dano481971

    Technically Brit Hume is correct. The bill did cut taxes. As of 12:01am on Jan 1st, all of the Bush tax cuts expired, as well as the FICA temporary reduction. So the bill did cut the marginal rates for anyone making less than $400,000 a year. If the bill had not passed, in addition to paying the higher pay roll taxes, everyone would be paying higher marginal rates. That’s what Brit Hume is arguing. He is correct. Even under the Republican’s ideal plan, the payroll tax cut was going to be phased out this year, so anyone complaining about paying more taxes, you should stop because the 2% increase in FICA was going to happen no matter what. Now I agree, the Republicans should have gotten more spending cuts, but as far as the tax increases, they got about the best deal then could have.