Republicans Plan to Create 0 Jobs and Raise Taxes by 60% on the Poor

Republicans Plan to Create 0 Jobs and Raise Taxes by 60% on the Poor
By: Rmuse
June 25, 2012

The concept of a right or immunity granted as a particular benefit, advantage, or favor attached specifically to a position is generally regarded as privilege, and in America there is little argument that the wealthy enjoy special privileges unknown to the poor and middle class. However, the sentiment of a growing number of Republicans is that working Americans and the poor enjoy special privileges, and in a noble gesture to equality, they plan to lift the unfair burden from the wealthiest 2% of Americans and put it where it belongs; on the working class and the poor. It is a continuing effort by Republicans to implement their version of shared sacrifice where the majority of the population sacrifices to maintain the wealthy’s privileged status regardless the cost to the people, economy, and the government.

The most recent provocateur of fairness and shared sacrifice is Senate Minority Leader Mitch McConnell who said the tax code needs to be restructured to make it fairer to upper-income earners. McConnell’s sentiments are shared by a growing number of Republicans like Eric Cantor, Paul Ryan, and Willard Romney who propose raising taxes on the poor and middle class to make room for massive tax cuts for the wealthy. According to the fair-minded Republicans, raising taxes on those who are already struggling in an economy Bush-Republicans created is necessary to reduce the “ballooning national deficit” by increasing tax cuts for the wealthy, or as Republicans call them, “job creators.”

The Republican’s economic gurus like Paul Ryan and his Path to Prosperity budget adds $4.6 trillion to the nation’s debt with tax cuts for the rich, Draconian cuts to social safety nets, and tax increases on the poor and middle class. Willard Romney’s grand plan increases the debt by $3.4 – $5 trillion with tax cuts for the wealthy coupled with revenue losses of $180 billion annually that includes eliminating middle class tax credits (tax increases) for earned income and child tax credits, and college tuition deductions. Romney also includes a 60% tax increase on the poor who earn under $20,000 annually to help relieve the burden from the wealthy who have yet to create jobs. However, raising taxes on the poor and middle class are not Republican’s only means of lifting the burden off the wealthy.

Paul Ryan and Willard Romney plan to put more burden on the privileged poor to relieve the wealthy’s suffering by making drastic cuts to social safety nets such as food stamps, housing and heating assistance, and healthcare because apparently, the 50 million elderly, children, and poor who barely survive on food stamp assistance is too much for the wealthy to suffer and the savings will relieve their tax burden and help inspire them to create jobs as well as reduce the nation’s debt with the trillions in tax cuts. Romney is particularly interested in taking the burden off the wealthy and his tax plan will cost the government about $5 trillion in forgone revenue over the next decade on top of the cost of extending the Bush-era tax cuts scheduled to expire Dec. 31.