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The Trouble With Tax Cuts

Another good read from The Daily Reckoning…

The Trouble With Tax Cuts
By Addison Wiggin

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12/03/10 Baltimore, Maryland – Yesterday, by accident, we witnessed this spectacular moment in the history of the republic:

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Helmsley’s mutt Trouble: new poster dog for tax hikes

Having just left a luncheon at the office of Rep. Ron Paul (R-Tex.), we were walking across the Capitol steps to get to Union Station. One of our party mentioned he had never been to the House gallery to view the floor debates. So we decided to drop in as tourists.

After negotiating the labyrinth of security, coat checks and corridors, we were ushered into three seats in the front row of Gallery booth No. 7, less than two feet behind the CSPAN cameras installed there to monitor the proceedings. A scant five minutes passed and Rep. Joseph Crowley (D-N.Y.) walked to the podium with an easel and a 5-foot picture of the late hotel heiress Leona Helmsley holding her dog, Trouble.

“Under the Republican plan,” we gathered from his speech from press reports later, “if Trouble doesn’t get a tax break, nobody else should. Under the Republicans’ plan, this country will go to the dogs. They’ll protect this little dog, but they won’t protect the middle class of this country.”


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