Top Of My Head

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Tag: Republican Party

The GOP Way: Cutting Taxes on the Rich, Raising Taxes on the Middle Class

According to Huffington Post, the Republican Party is all for raising taxes on you and me.  Actually, I didn’t need to read the article to know that, they’ve been saying it all along.  Paul Ryan – who is unfortunately, my representative in Congress – called the other night with one of them recorded messages.  He stated, “I work for you.”  Really?  Because your roadmap for America plan makes it seem like you’re only working for the rich.

Pay attention, here’s where I’m going to do math.

Current Ryan’s Plan
Salary $1,250.00 $1,250.00
Medical $63.36 $63.36
Taxable Income $1,186.64 $1,250.00
Federal Income Tax $212.04 $312.50
% 17.87% 25.00%

Under Paul Ryan’s plan, health insurance would no longer be pre-taxed. Under his plan, any single making more that $50,000 per year would pay 25% in Federal Income tax. The tax rate for corporate America? 8%.

So, basically, Ryan and his Republican cronies will be financing this country on the backs of the single people.  A family of four can earn $39,000 without paying one penny in taxes, while us single people will only be able to earn $16,000 without paying taxes.  That means that I will end up paying more in taxes – a lot more.  Under Ryan’s plan, I will pay $12,250.00 in taxes.  Under our current tax structure (and using the standard deduction and personal excemption), I only pay $9,917.85.  That’s a difference of $2,332.15.

Anyone who is single, shouldn’t vote Republican.  It’ll cost you in the long run.

You have been fooled…

If you’re even thinking for a second about voting for a Republican, then you are a fool.  You’ve been hoodwinked and you don’t even know it.  You don’t know enough about the history of this country to make a proper decision.  You don’t understand enough about economics, moral hazards and deregulation to make the right decision.

It’s not your fault.

For the last thirty + years in this country, we have been told over and over again that what is good for business is good for America.  You know, I feel sorry for Ronald Reagan.  By all accounts, he was a nice man.  Tip O’Neil and him would have beers in the White House after a hard day debating.  He was easy going, soft-spoken and he believed what he said.

But, he was wrong.

Let me explain business to you.  Business isn’t a game, Businesses are not people and they don’t give a damn about you, the environment or your children.  The men and women who run businesses could give a rat’s ass about you.  Sure, there are some few and far between exceptions, but they’re, well, few and far between.

People go into business for one reason: to make money.

That’s it – nothing more.

I love my job, but quite frankly, I am there for a paycheck and health benefits.  If I could support my family by not working, I would.  Don’t get me wrong, I really love what I do and I’m good at it – so I’m lucky, I work a job I actually love, but love doesn’t make the world go around – money does.

Continuing on, what caused the economic crisis cannot be summed up in just one sentence.  There are many factors – predatory lenders, housing bubble, too much credit to the wrong people, deregulation and the list goes on.  But, the jobless recovery?  That’s easy: Companies are making huge profits because they aren’t hiring you.  And, the companies that are hiring, are paying the lowest wages possible.

Because?

Well, it’s easy…Businesses want profits, the higher the profits; the better the business.  The stock market rewards the businesses with the highest profits, by keeping their stock prices high.

Somebody’s getting rich – it’s just not you.

The GOP wants to dismantle the rest of the regulations that keep us safe at work, that help the environment and keep our food safe.  The GOP wants to dismantle the safety nets for the people who do the real work – you and me.  They want to lower taxes on businesses, because they say that will cause businesses to start hiring.

It’s not true.

The GOP wants to continue their destruction of America.

Don’t let them.

Jobless Recovery

To understand why we are having a jobless recovery, you must understand economics.  Unfortunately, most people in this country do not really understand economics.  So, here’s a very brief explanation.

Our economy is consumption driven – the old supply and demand.  Let’s say I own a widget factory and I make one widget a day – 5 widgets a week.  I send my widgets to the marketplace and every week, I sell all of my widgets.  But, one week, I notice that there are still 5 people in line wanting to buy my widgets.  If I could make more widgets, I’m certain that I could sell all of them, as well.

So, I return to my factory, and hire a person to help me make widgets.  I pay him an hourly wage that pretty much leaves me with most of the profit – this is MY factory and these are MY widgets and if he was bright, he could start his own widget factory.  This is America after all.

Now,  because there are two people building them, I can make and sell ten widgets a week.  Some time goes by and word gets out that I make the best widgets.  Now, I notice that there are three people standing in line when my widgets are sold out.  So, instead of hiring someone new, I make my one and only employee a salary employee (which means I don’t have to pay him overtime) and I make him work longer hours to make those extra three widgets.  Since I don’t have to pay him overtime, I’m still making an enormous profit.

This is how companies work.  This is capitalism, admittedly, at its very basic level, but you get the idea.

If the economy falters and I stop selling 13 widgets a week, I’ll cut my employee’s job.

If I discover that I can outsource widget making to China or Taiwan, bye bye employee.

And, guess what, if the government cuts my taxes, I’m not going to use that money to build another factory (creating new jobs) or hire employees in my old one, I’m going to keep it.  I deserve it.  I came up with this idea for a company and I built it.  And, that’s why giving tax breaks to the richest in this country, isn’t going to create jobs.

If there is not consumption on the bottom and middle rungs of our country, there is no reason for companies to hire.  Cutting the taxes of the rich does not cause jobs to magically appear.  It just makes the rich, richer.  And, because that revenue needs to be made up in some manner, it makes the poor, poorer.  Cutting things like health care for the poor to give tax breaks to the rich is absolutely the most despicable thing we could do in this country.  Cutting school lunches for poor kids or the breakfasts before school, where this might be their only decent meal – and give a 10% tax break to the rich who can afford to pay their taxes under the guise that this will create jobs is irresponsible and ridiculous.  But, that’s what the Republicans are selling you – a tax break for those at the top who don’t need one.

Are there people in this country that don’t pay any money in taxes?  Yes, yes there are and if the Republicans have their way, more of them will be rich than poor.

Assembly Passes Budget Bill

The Assembly passes the budget bill and despite Representative Suder’s written statement: “The vote we took wasn’t the easy thing to do, but it was the right thing to do”, it wasn’t the right thing to do.  Aside from killing union’s rights for collective bargaining, the Republicans have sold out our state.  The no-bid for state owned energy assets means that the government can sell / lease them off to the companies they deem should have them.

Who gains from that?

Walker’s largest campaign contributor: Koch Industries.

Despite their blanket denials that they will not benefit, Koch Industries will benefit the most.  How will Walker turn down his buddy?  The punking of Walker by Ira Murphy showed that Walker is in the Koch brothers’ pocket and truly believes what is good for them is good for him.

The sad thing is that people who do not understand how the world works, don’t understand just how bad it will be for Wisconsin with Walker as our governor.

By the way, where are the jobs Walker promised?  So far, he shut down the high speed rail which would have amounted to 4000 jobs (yes, some temporary) and Talgo Inc is moving to Illinois killing even more jobs.  So far, Walker has killed unions and not created one job.

Can you say RECALL, boys and girls?

Show us the JOBS you promised, Mr. Governor.  If anyone deserves to be laid off – it’s this lousy state government.

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