President Obama Vows to Kill the Bush Tax Cuts for the Rich!
The “horse and sparrow” theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.”
Numerous polls have shown that support for raising taxes on the wealthy cuts across party lines.
As much as Republicans don’t want to talk about it, the Mitt Romney tax
plan is radical upward redistribution of wealth. If Republicans gain
full control of the federal government they intend to lower taxing on
the wealthy while increasing them on the middle class and poor.
The Bush tax cuts are going to be a major issue of the General
Election campaign. Even though 74% of Americans support killing the Bush
tax cuts for the wealthy, there are seven Democratic Senators who are actually siding with Republicans on extending the tax cuts for those who need them least.
Obama has had great political success campaigning against the Bush
tax cuts, and the comments by Robert Gibbs suggest that the president is
getting ready to make the rich paying their fair share a central point
of his reelection campaign. It will be interesting to see how the
Republican nominee, who is one of those wealthy people who don’t pay
their fair share, explains why he and his ilk don’t have to do their
part.
The political dynamics have changed. Obama has tamed the toothless Republican tiger, and if he wins reelection there will be nothing stopping him from killing the Bush tax cuts for the wealth,
Top Opinion
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Seriously Folks 2012/07/08 23:57:48
+3To use a "Grover "THE PLEDGE" Nordquist''s" famous Statement ' The Bush Tax Cuts" should be DROWNED IN A BATH TUB.
Indeed it is a time of near revolt against this kind of Fascism brought to us by the Rabid Radical Religious Right, The Republcian/Tea Party and the industrialists/vulture capitalist.
Do your history on the rise of the Facism in WWII Germany.
Why does this self-serving argument fly? Because too many Americans don’t get where they stand in the scheme of things. The U.S. has one of the most unequal distributions of income in the developed world — we're closer to Latin America in that respect than to Europe — and perilously low economic mobility. But much of the country's workforce believes it’s either already in the overtaxed bourgeoisie or on its way there. The top 10 percent of filers shoulder most of the income tax burden (about 70 percent in 2009). For a typical U.S. wage-earner to worry about sharing in this plight is borderline delusional.
Besides, 0bozo wont even be around on that day, either beginning his life of exile in Indonesia or cooling his heels at Quantico pending trial.