Limbaugh: Don't Be Fooled — Debt Deal Means More Taxes

Whether the deal to reduce the government deficit passes or not, says radio talk-show host Rush Limbaugh, the American people are still going to get a tax increase.

“Any way you slice it you are going to get tax increases. That’s how screwed we are,” he said.

Limbaugh blames the complex accounting done by the Congressional Budget Office, he said on his radio show on Monday.

President George W. Bush’s tax cuts that are due to expire at the end of next year, he says. If Obama extends the cuts, the CBO will consider that a $ 5 trillion reduction in government income which will have to be made up elsewhere. If they expire, that’s a direct tax hike on Americans, Limbaugh said.

“Anyone wanting to tell you there are no tax increases in this technically may be right, this piece of legislation does not have a specific tax increases in it. But what’s slated to happen over the next few months results in one,” Limbaugh said.

“There hasn’t been a significant cut in spending,” he added. “There’s nothing that’s going to affect the rate of growth of government, nothing that’s making it smaller.”


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Gabrielle Giffords Brings Down the House

WASHINGTON — Emergency legislation to avoid an economy-rattling government default sped through the House Monday night, a scant day before the deadline for action — the dramatic vote made all the more memorable by Rep. Gabrielle Giffords' first appearance in Congress since suffering a head wound in a shooting six months ago.
The vote was 269-161, but all eyes were on Giffords, who drew thunderous applause as she walked into the House chamber and cast her vote in favor of the bill.
A final Senate sign-off for the measure is virtually assured on Tuesday.

Giffords made a dramatic entrance Monday night during the crucial debt-limit vote and drew loud applause and cheers from surprised colleagues. They gave her a standing ovation.

As lawmakers stood on the floor, staring up at the vote board, Giffords slowly made her way through an entrance on the Democratic side of the chamber. Applause built and rolled like a wave through the House as lawmakers realized that their colleague had returned.

Vice President Joe Biden was also on hand as she entered the House, escorted by her chief of staff and by Florida Democrat Debbie Wasserman Schultz.

On Jan. 8, Giffords, an Arizona Democrat, was shot in the head in the parking lot of a Tucson grocery store while meeting with constituents. Six people were killed and 13 others, including Giffords, were wounded. The man charged in the shooting, Jared Lee Loughner, has pleaded not guilty to 49 charges

On the House floor, Giffords hugged and kissed fellow lawmakers. As time ticked off on the vote, Democrats and Republicans made their way toward her.

She cast her first vote — for the debt-limit bill — and left the Capitol.


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