Letters to the Editor

Your views in 200 words or less

DEFICIT: Rescind the Bush tax cuts

Letter by Charles L. Allyn, Tacoma on May 11, 2011 at 11:48 am | 204 Comments »
May 12, 2011 1:14 pm

Re: “John Boehner strong on ideology but weak on reality” (TNT, 5-11).

Boehner still does not get it. He spreads the myth that increased income taxes do not reduce the deficit.

Just 11 years ago, before the George W. Bush years, we had higher income tax rates and the deficit was reduced to only $18 billion in fiscal 2000. (It was called a surplus, but the national debt still increased by $18 billion.)

The Bush tax cuts went into effect a short time later, and income from personal income taxes dropped by $200 billion the next year.

So doesn’t it make sense to immeadiately rescind the Bush tax cuts which never should have been renewed after 10 years with the deficit we had at that time? It appears that they have been responsible for $2 trillion worth of borrowing.

The News Tribune now uses Facebook commenting on selected blogs. See editor's column for more details. Commenters are expected to abide by terms of service for Facebook as well as commenting rules for thenewstribune.com. Report violators to webmaster@thenewstribune.com.