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Keeping It Real 2012/07/25 06:11:41
WDBD (We Don't Back Down)
We've already witnessed how trickle down economics don't work for majority of the country!
We've already witnessed how trickle down economics do work for majority of the country!
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Republicans Actually Floating Platform of Lowering Taxes on Superrich, Raising Them on Lower Incomes









Normally I can read a news story and provide some reasonable perspective to give further context. But this just leaves me speechless:


Senate Republicans will press this week to extend tax cuts for affluent
families scheduled to expire Jan. 1, but the same Republican tax plan
would allow a series of tax cuts for the working poor and the middle
class to end next year.

Republicans
say the tax breaks for lower-income families — passed with little
notice in the extensive 2009 economic stimulus law — were always
supposed to be temporary. But President Obama had made them a priority
in 2009 and demanded their extension in 2010 as a price for extending
the Bush-era tax cuts for two years, and both the White House and Senate
Democrats are determined to extend them again.

That
sets up a potentially tricky issue for Republicans. They have said they
do not want taxes to go up on anyone while the economy struggles to
gain altitude, but under their plan, written by Senator Orrin G. Hatch
of Utah, the senior Republican on the Finance Committee, about 13
million families would see their tax refunds reduced, and some would see
their taxes increase.

“Senator
Hatch’s amendment would extend tax breaks for the top 2 percent of
Americans,” Senator Harry Reid of Nevada, who leads the Senate’s
Democratic majority, said this month. “But it fails to extend a number
of tax cuts that help middle-class families get by in a tough economy.”

The
tax showdown is set for Wednesday, when the Senate will vote on whether
to take up Democratic legislation to extend Bush-era middle-class tax
cuts through 2013. The motion will need 60 votes to pass, and only if it
gets those votes will Republicans be given a chance to vote on their
alternative tax plan. The House will vote next week on a similar
Republican plan that also allows the 2009 stimulus cuts to lapse.

Let's
be very clear here: we are still in the middle of deep economic
recession and high unemployment caused by reckless casino capitalism.
Economic inequality is at record levels for the modern era.

And
Republicans are flat-out running on a campaign of lowering taxes on the
super rich while raising them on lower and middle incomes. Rather than
being an insane, devastating and unthinkable political platform, it is
simply called "tricky." The political party advancing this platform has
an even chance to win the Presidency, and a better than even chance to
win the Senate and hold onto the House.

http://www.alternet.org/newsandviews/article/1048513/republic...

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  • Heisenberg 2012/08/01 04:05:17
    We've already witnessed how trickle down economics don't work for majority of...
    Heisenberg
    +3
    The GOP only cares about money and the power that it buys. What's new?
  • babibumer 2012/07/28 01:56:11 (edited)
    We've already witnessed how trickle down economics don't work for majority of...
    babibumer
    +1
    For the life of me I cannot figure out how the Republicans continue to pull the wool over the eyes of so many hard-working Americans and convince them to vote against their own economic interests time after time. If people voted for the policies that would most benefit them, Republicans would get 1% of the vote and the Democrats would get 99%! WTF??



    money lover republicans

    reagan trickle down
  • Dolly 2012/07/28 01:16:46
    We've already witnessed how trickle down economics don't work for majority of...
    Dolly
  • nothingbutthetruth 2012/07/26 05:38:39 (edited)
    We've already witnessed how trickle down economics don't work for majority of...
    nothingbutthetruth
    +5
    When the people will learn and understand that the Republicans do not cater to their best interest, the world will be a much prosperous and better place to live and survive in. Why? Because the people will only elect and send leaders to Washington who will work for the betterment of them and the economy. 2010 election should be a wake-up call when the Republicans won back control of the House and spend the entire time doing nothing, but planning to take away everything the people depend on for their survival.in these hard and difficult times. Republicans have no motive other than to take the people to the polling place. Once that is done, it's done and the people are done with too. If anybody thinks Mitt Romney is better than any one of those hard headed evil Republicans, they have a big surprise to encounter. All the Tax break the Republicans are shielding for themselves is over 1 Trillion dollars. Just imagine!
    http://images.sodahead.com/pr...
  • Kern 2012/07/26 04:53:41
    We've already witnessed how trickle down economics don't work for majority of...
    Kern
    +5
    They started this process today. The Republicans in the Senate said they would not filibuster the Democrats budget which will raise taxes on those making $250,000 or more and extend the tax cuts for the lower and middle class if in return the Democrats promise to bring the Republican bill up for a vote. So what will happen? Nothing.

    The Democrat's bill will never see the floor in the House and even if it did, it has a less than zero percent chance of passing. The Republicans bill will get voted on but has no change of passing the Senate. So what we have here is a just another wrinkle in the stand off that has been taking place in Congress for the last 3 years.

    The result is each party is getting a chance to point fingers at the other party for voting for their own bills. The Republicans will use this vote to rally the troops in pointing out that that the Democrats want to destroy the country by crippling the "Job Creators." The Democrats will use the vote to rally their troops by saying the Republicans want to destroy the country by crippling the lower and middle class.

    When it's all said and done, it mean nothing has really changed but they get to look like they are at least trying.
  • Steve 2012/07/26 04:47:35
    We've already witnessed how trickle down economics don't work for majority of...
    Steve
    +6
    The wealthy are not over-taxed, they're under-taxed:

    wealthy over-taxed under-taxed
  • Skeptikat Steve 2012/07/26 06:30:27 (edited)
  • Proggy 2012/07/26 04:26:16 (edited)
    We've already witnessed how trickle down economics don't work for majority of...
    Proggy
    +6
    This is the reason why anyone who works, get up everyday, and punch a clock for a living and isn't a millionaire or billionaire who votes republican is simply a fool and a tool. Supply-side economics is a FAILURE, and huge one. I challenge anyone to name any instance in the world where supply side economics has worked and thrived for every income bracket across the tax spectrum. JUST 1!
  • Kern Proggy 2012/07/26 04:59:47
    Kern
    +6
    I got a place, the imagination of the Republican party. Does that count a place in the world?

    smilling
  • Proggy Kern 2012/07/26 05:15:00
    Proggy
    +4
    LOL!!! To them it does. In their minds they actually got together the night of the President's inauguration and plotted his demise by blocking everything he'd propose even if it was their own ideas, and think that enough American people will be stupid enough to blame the President and vote them back into power.
  • Keeping... Proggy 2012/07/26 12:26:10
    Keeping It Real
    +3
    Proggy isn't it interesting how the media don't talk about that scheme!
  • Proggy Keeping... 2012/07/26 21:36:01
    Proggy
    +2
    The only place you EVER hear about is MSNBC, to be honest I'd like to hear it even more out of them.
  • Kern Proggy 2012/07/26 15:55:58
    Kern
    +4
    How messed up is that? They actually planned to block everything while the country was down the toilet because of their policies.
  • pops 2012/07/26 01:31:30
    Undecided
    pops
    If we don't have the 1% the 49% that don't pay taxes would starve to death.People who aren't allergic of work are working.But some people think it's their right not to work it's owed to them.If I want to support animals I will donate to the humane society.
  • Proggy pops 2012/07/26 05:20:16 (edited)
    Proggy
    +4
    What you just said is not only complete and utter bullshit but the fact that you'd call other human beings animals just for being out of work just show what a low life knuckledragging troglodyte you are. That 49% who don't pay "the federal income tax" still pay plenty of taxes like state tax, local tax, property tax, sales tax, etc... But in your inane bullshit right-wing talking point you'll always omit that.

    By the way, if you want to donate to support animals send money to the RNC, Heritage Foundation, and any republican candidate for office.
  • joseph digristina 2012/07/25 22:55:02
    We've already witnessed how trickle down economics don't work for majority of...
    joseph digristina
    +10
    The middle class creates jobs by buying products from the rich and thereby creating jobs for the poor and middle class. The rich do not create jobs if no one is buying their products. How does trickle down create jobs? How does trickle down add to the economy. It doesn't , it simply adds more to the coffers of the 1%.
    What is so difficult to understand that these right wing freaks cannot grasp the concept? Is their greed so overwhelming they can't see the forest for the trees? Or are they really that dumb?
  • Bilingu... joseph ... 2012/07/26 01:05:17
    Bilingual required sucks
    +6
    That is elementary economics. The middle class drives the economy, why can't middle class Republicans understand that?
  • joseph ... Bilingu... 2012/07/26 01:15:39
    joseph digristina
    +3
    Elementary is the question. I don't think most of them ever graduated from kindergarten and use their ignorance as a cover for anything they cannot understand---which these days seems like everything.
  • cjj ~ F... Bilingu... 2012/07/26 02:07:50
    cjj ~ FTGOP
    +6
    Because the GOP uses religion and the NRA to control their sheeple. They'll stoop to anything.
  • pops joseph ... 2012/07/26 01:35:53
    pops
    The 1% pays 45% of the taxes,how about running the country on a budget instead of uncontrolled spending.
  • Bilingu... pops 2012/07/26 02:52:28
    Bilingual required sucks
    +6
    Blah Blah Blah same old stupid Republican broken record. You people are just a bunch of parrots. parrot
    Actually I think parrots are smarter than you people.
  • Steve pops 2012/07/26 04:39:32
    Steve
    +5
    That's an exaggeration, which ignores payroll taxes, and looks only at income tax.



    Even if it were true, though, that's not an excessive tax burden. That top one percent controls 43% of all the country's wealth:

    tax true excessive tax burden percent controls 43 countrys wealth
  • Skeptikat pops 2012/07/26 06:38:05
  • joseph ... pops 2012/07/27 07:12:22
    joseph digristina
    +1
    I think you need to recheck your statistic.
  • Pinball Wizard 2012/07/25 20:29:43
    Undecided
    Pinball Wizard
    +8
    "Republicans are flat-out running on a campaign of lowering taxes on the
    super rich while raising them on lower and middle incomes." < Shows how evil they are.
  • gumybare69 2012/07/25 20:08:37
    We've already witnessed how trickle down economics don't work for majority of...
    gumybare69
    +8
    They won't be happy until there are only two classes.. Poor or Rich.
  • pops gumybare69 2012/07/26 01:36:48
    pops
    Obama wants everybody to be poor
  • Skeptikat pops 2012/07/26 06:39:24
  • Kaleokualoha 2012/07/25 19:43:35
    We've already witnessed how trickle down economics don't work for majority of...
    Kaleokualoha
    +7
    I wish the GOP would do even more of this nonsense to reveal their true colors.
  • Skeptikat Kaleoku... 2012/07/25 23:56:40
  • Kaleoku... Skeptikat 2012/07/26 00:03:02
    Kaleokualoha
    +2
    Well-said!
  • Bilingu... Skeptikat 2012/07/26 01:18:54 (edited)
    Bilingual required sucks
    +5
    That is a bloody interesting theory about the orphanages. I thought it had to do with the corporate oligarchy ensuring that they had an unlimited slave wage labor force, as unwanted children would most likely not aspire to higher education, and your orphanage theory fits into that very well. From orphange to indoctrinated slave wage worker at the age of 18. Makes a lot of sense.
    We already know Rebulicans are attacking higher education, saying it is liberal and snobbish.


    What I will NEVER buy is that Republicans have any respect for life. That is a load of crap.
    They are more than willing to send 18 and 19 year olds into Iraq to die, and Iraq was a war that was waged so the military industrial complex could make insane war profits.
    Meanwhile thousands of soldiers that died in Iraq are mouldering in the grave, Dick Cheney, one of the main architects of the Iraq war, cheats death and walks away with a brand shiny new heart.
    Sickening isn't it?
  • Skeptikat Bilingu... 2012/07/26 06:25:29
  • Matt 2012/07/25 18:37:18
    We've already witnessed how trickle down economics don't work for majority of...
    Matt
  • Edensasp 2012/07/25 18:23:02
    We've already witnessed how trickle down economics don't work for majority of...
    Edensasp
    +6
    Par for the course of a Roman Empirical Master/Servant mentality, except Romans feed and housed their slaves.
  • Kane Fernau 2012/07/25 17:35:02
    We've already witnessed how trickle down economics do work for majority of th...
    Kane Fernau
    +3
    America lost 129,000 millionaires in 2011. We are facing the worst poverty level since the early 60s. Obama is successfully destroying the economy!
  • Keeping... Kane Fe... 2012/07/25 17:48:37
  • Kane Fe... Keeping... 2012/07/25 18:19:59 (edited)
    Kane Fernau
    How many times can you use the same ridiculous cartoon? What's next? Get a Clue?
  • Keeping... Kane Fe... 2012/07/25 19:58:57
  • Kane Fe... Keeping... 2012/07/25 20:12:28
    Kane Fernau
    I forgot about that one!
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