Why the Right is Wrong on Taxes

Monday, December 10, 2012

The Brits recently admitted their economic policy of austerity has been a resounding failure, so why are “Republicans in Congress still intent on pursuing a strategy similar to the failed one adopted by the Brits”?

It’s Official: Austerity Economics Doesn’t Work - The New Yorker 

“The American economy is still, by most measures, deeply depressed. But corporate profits are at a record high. How is that possible? It’s simple: profits have surged as a share of national income, while wages and other labor compensation are down.”

Robots and Robber Barons - New York Times 

“Republicans in the House are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans,” in an attempt to put forward a bill that would give lopsided tax breaks to the wealthiest Americans. 

Obama: Republicans blocking middle-class tax cuts - Boston Globe 

Another sign Republicans couldn’t care less about the middle class? They ram through right to work for less laws in states where the people don’t want them. These laws lower wages and benefits across the board, and contribute to a decrease in workplace safety. 

Shellshocked Dems, labor unions promise retribution if Mich. right-to-work legislation passes - Washington Post 

Even if Republicans refuse to help the middle class, and allow the country to go over the “fiscal cliff,” the White House still has a way to temporarily keep tax cuts for the middle class. 

White House could protect middle class from tax hikes if deficit talks falter - Current TV


 

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The great American middle class wasn’t something that just happened – it was built brick by brick. It was built by soldiers returning from war and a government that repaid them by giving them a shot at college.