And yet, the president says there is enough money in the wartime budget to create a huge tax cut that benefits the wealthiest in our country," Pelosi said. "The credibility gap widens.They've found their theme for 2004, apparently: a bit of class warfare and "the credibility gap." But here's the real credibility gap: Bush has, from the start, stood foursquare behind tax cuts as a domestic strategy. First, it is good for the economy. Yes, the rich do benefit; that's why its good for the economy, since the poor pay almost no taxes, and aren't out buying heavy equipment or hiring semi-skilled labor with their "rebates" anyway. Second, tax cuts take money out of congress's purse, which is the only way to keep them from spending it (and even that doesn't work perfectly).
Now here's the credibility gap part: The Democrats have always opposed tax cuts, calling them "risky schemes" to "blow a hole in the deficit" (yeah, what the hell does that mean?). But when they see the country's appetite whetted for some serious economic justice, to borrow a phrase, they quickly come up with a competing plan that, consistently and infallibly, complicates the tax code, rewards behavior that Nancy Pelosi (or someone like her) deems civic virtue, and does nothing to reduce that actual tax burden on the people who build this multi-trillion dollar economy with their own hands, day after day.
Here's a surefire way for congress to fit the tax cut into the budget: stop spending so damn much money with so damn little to show for it. Instead of taking from me to fund your every whim, you feel the pinch for once and actually cut worthless programs, give in to private-sector-style efficiencies, and put congressional raises on the ballot. That would be direct democracy, Ms. Pelosi.