MARIA BARTIROMO: But-- on the tax issue, allowing the Bush tax cuts to expire would essentially be tax increase.
NANCY PELOSI: That wasn't a tax increase. It is-- it is-- eliminating a tax-- decrease that was there.” (CNBC TRANSCRIPT: CNBC'S MARIA BARTIROMO SITS DOWN WITH SPEAKER OF THE HOUSE NANCY PELOSI, TODAY, WEDNESDAY, 10/21/2009)
Bill Owens appears to have taken the same tact as Nancy Pelosi, falsely alleging that repealing a tax cut somehow doesn’t equate to a tax increase:
“‘Republicans Doug Hoffman and Dede Scozzafava have shown their dedication to the failed George Bush economic policies by promising to extend tax cuts for the very wealthy while middle class families in Upstate New York are struggling,’ said Jon Boughtin, Owens campaign spokesman” (Bill Owens for Congress, accessed 10/22/2009) http://www.gouverneurtimes.com/index.php?option=com_content&view=article&id=7112:what-is-bill-owens-definition-of-a-tax-increase&catid=57:commentary&Itemid=193