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Reply #17: Why subsidize the working middle class [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
quaker bill Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-15-04 10:22 PM
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17. Why subsidize the working middle class
By stealing the payroll taxes of the working poor? This is what we are doing and I think it should stop.

Simple enough?

The only reasonable justification for a deficit economically is to employ people in order to create a full employment economy that will prop up demand and drive up wages. As the deficit is not being spent to do this, it should end. Read John Maynard Keynes and remember while doing it that Keynes was a socialist. (thus social security, unemployment insurance, trust busting, and high marginal tax rates all factored in to his plan)

To be truly progressive, cut the payroll tax and restore the income tax. Done properly this would benefit everyone with incomes below 40 to 50K a year, not just the people who happen make enough to owe income tax and are married or happen to have the right number of kids.
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