The big issue with keeping Making Work Pay around is its cost — about $60 billion to extend it one year.
Do you see the fnord?
Tax cuts “cost” money. We’ve reached the point in the national debate where the established media simply accepts this terminology. When the federal government cuts taxes, it costs them, because they are giving us a gift. A gift… of our own money.
Tax cuts do not cost. They reduce the budget. Saying tax cuts have a cost is like a CEO going before a board of directors and saying “I’m considering taking a pay cut this year, but that’s going to cost us a lot of money.”