The War Against Taxing the Rich

from Consortium News:




The War Against Taxing the Rich

By Michael Winship
May 10, 2011


Editor’s Note: Republicans and their free-market allies argue that the United States is facing a spending crisis, not a revenue crisis, thus tax increases should be off the table. However, when they do consider tax changes, they usually talk about slashing middle-class tax breaks, like the mortgage-interest deduction, while further reducing the tax rate for the top-income bracket.

It’s as if in a nation with a shrinking middle class and growing disparity between rich and poor, the role of the federal government should be to squeeze the middle class more and loosen the belt for the over-indulged rich, as Michael Winship observes in this guest essay:


Nothing is certain but death and taxes, it used to be said, but in the madcap times we live in, even they're up for grabs.

No matter what proof the White House provides that Osama bin Laden indeed has had his bucket kicked -- and at this point even al-Qaeda admits he's dead -- there still will be uncertainty.

Whether they ever release those damned photos or not, a lunatic few will continue to insist that Osama's alive and well and running a Papa John's Pizza in Marrakesh.

As for taxes, having to pay them is no longer a sure thing either, especially if you're a corporate giant like General Electric, with a thousand employees in its tax department, skilled in creative accounting. You'll recall recent reports that although GE made profits last year of $5.1 billion in the United States and $14.2 billion worldwide they would pay not a penny of federal income tax. .................(more)

The complete piece is at: http://www.consortiumnews.com/2011/051011c.html

don't stand a chance...

Q: The Bush-era tax cuts, which you have supported and which would be continued under the Ryan plan — they are for wealthy Americans; they're not just for small businesses.

West: They're for people that produce. And $250,000 — I mean, I don't know why we have people arbitrarily deciding who is rich or who is poor. That's a very socialist perspective.

***

"They're for people that produce." The translation of which is that if you aren't making that kind of salary, you're just not contributing to society

Here's the link to my post if you have the stomach for the rest of the interview.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x602005

in the republican house.Allen you are a disgrace to the human race.

What do these so-called producers actually produce? Very wealthy people are the "takers". They enjoy lower marginal tax rates than the rest of us.

Well, on second thought, maybe they are producers... they produce more people falling from middle-class income to lower class income.

taxes (income and inheritance) needed to fund governmental operations and to otherwise meet its obligations will surely be ranked by historians as among the most irresponsible, destructive, and depraved policies ever implemented on a long-term basis by any international power: it will be the Republicans' lasting legacy, their eternal badge of shame, dishonor, and stupidity. :patriot:

You evil,wealthy criminals your days are numbered,nothing last forever,either you will change or future events will change you.You will no longer be able to live off the sweat of others you will have to do some heavy lifting of your own,a nimble mind will not make you rich you'll have to get your hands dirty like the rest of us.