Pay attention – the economy is improving. Things are getting better. We are on the right track. But, if we turn the reins back over to the Republicans, all we’ll hear about for the next two years are cut taxes and gay marriage. This group of Republicans are probably making Ronald Reagan roll over in his grave.
There entire goal is to be re-elected and once re-elected, it will be pro-business, anti-worker as usual.
Case in point, House Minority Leader John Boehner has said that he will back “President Barack Obama’s proposal to renew the expiring Bush tax cuts only for those making less than $250,000 if it were his only option.” (Quoted from CNN) But, that’s not good enough for the rest of his party.
Senate Republican Leader Mitch McConnell thinks that no one should pay any higher taxes next year. McConnell, also, believes that the people hardest hit in this recession were those who made more that $250,000 per year. Seriously? There were a lot of homes in foreclosure in my neighborhood – not one of those families that lost their homes earned more than $250,000 per year. The people hardest hit were those in the middle and on the bottom rungs of the ladder, not the fancy quarter of a million dollars a year people.
Eric Cantor – R-Virginia – proves that he’s a stand up guy – for the rich: “I will do everything in my power to stop President Obama and Speaker Pelosi from raising taxes on working families, small business people, and investors.” Nobody said they wanted to raise taxes on working families – just those people earning more than $250,000 per year. And, think about that — that’s NET not GROSS. I know small business owners and they don’t make more than $250,000 per year.
According to Obama, extending the tax cuts for those making more than $250,000 per year will cost the government $700 billion – which would go a long way to fund our military, our schools and put Social Security back on the right track.
The bottom line is this: Bush gave a huge tax break to the wealthy. The wealthy in turn said thank you very much and began laying off workers. Even though the economy is improving and business profits are up, the wealthy is still saying, “We’re not hiring.” Companies, like Harley Davidson, are asking for drastic concessions from their workers and not promising a thing in return.
Let them pay the higher taxes — they haven’t been hiring with the lower taxes – maybe this’ll give them the swift kick in the rear that they need.