Jazz Shaw and Ed Morrissey have a debate going at Hot Air over what would be a consistent political position for Republican lawmakers, as they consider (a) the payroll tax holiday set to expire on 1 January 2012, and (b) the income tax rates scheduled to increase on 1 January 2013.
Jazz argues that it’s inconsistent to make the economic impact of a tax hike the overriding concern when it comes to income tax rates, but dismiss the economic impact of an increased tax load when the subject is ending the payroll tax holiday. He points out that the Bush tax rates were passed with an expiration date, and therefore were temporary in a sense similar to the scheduled expiration of the payroll tax holiday.
There is an extent to which this argument is valid, but it’s a very limited one. The reason is quite simple: Continue reading “Tax arguments: You CAN have it both ways – If you’re talking about different things”