Bachmann: Tax Cuts Don't Really Cause Deficits
Talking Points Memo reports:
Rep. Michele Bachmann (R-MN), the Tea Party mega-star, has emerged in the past few days as a leading opponent of the Obama-GOP tax cuts compromise from the right. And in the process, she is elaborating on the common theme among conservatives that tax cuts should not be paid for in terms of their effect on the deficits. Or as she puts it, cutting taxes shouldn't be defined as part of a deficit, and only spending should be viewed through this lens.
"I don't agree with that definition," Bachmann told Meredith Viera on the Today Show. "When people keep their own money, that's considered a deficit to government, but it's not a deficit to your pocket or mine, so I think it's important that people can keep their money."
