With Economic Plans, GOP Abandons Middle Class Entirely
I have watched with a truly curious sense of amazement as the Republicans, especially the presidential candidates, have stuck it to the middle class.
What have they been thinking with their tax plans and their relentless pursuit of even greater tax-cut largess for the very wealthiest of Americans? What do they have against the middle class, those who have seen their incomes drop by 4.8 percent this past decade, according to a report in the Wall Street Journal?
The latest Republican proposal made to the Senate’s Gang of 12 “supercommittee” is to lower the tax rate on the top wage earners from 35 percent to 28 percent; this on top of the temporary tax cut that Bush provided. The Republicans propose various revenue increases to help reduce the budget deficit but take them away with this giveaway to the wealthy.
Once again, the middle class is left holding the bag, watching as they get stuck with less take-home pay and more expenses for rent, mortgage, college tuition, basic essentials.
Let’s look at the Republican presidential candidates‘ tax proposals. Governor Perry has proposed a huge tax windfall for those whose income averages over a million dollars. For those millionaires and billionaires, he would give them a $512,733 average tax break! How can that possibly be justified since these wage earners have seen a 385 percent increase in their wealth over the last 20 years?
Perry’s plan would actually see tax rates go up for those who make less that $50,000, according to the Tax Policy Center.
Herman Cain’s pie in the sky 9-9-9 plan would see the poor and middle class lose with a 15.8 percent drop; those families who make the average of $49,445 would see their effective tax rate go from 14.3 percent to 23.8 percent, according to the Tax Policy Center.
The Romney tax plan is more of the same. More tax cuts for the wealthy: 67 percent of his lower capital gains taxes would go to millionaires; 50 percent of the continuation of the Bush tax cuts go to the top 5 percent of wage earners.
The policy prescriptions we are seeing from Republicans as we approach 2012 are coupled with a complete lack of explanation of why it is important to help middle-class families. All their rhetoric is ideological—anti-Washington, anti-government, anti-taxes. They have drunk the Grover Norquist Kool-Aid, even to the detriment of those families struggling to make it in a tough economy.
The benefits go to Wall Street, not Main Street; the analyses of all the tax plans clearly point to giveaways to those top 2 percent of Americans, with the squeeze put on those in the middle.
As they campaign in the next 12 months, the Republicans will find it increasingly difficult to make the case that they stand for hard-working, middle-class families. This could well be their downfall come next November.
By: Peter Fenn, U. S. News and World Report, November 9, 2011
We Are Living In The Conservative Recovery, And It’s Pretty Terrible
In talking about the economy, the Republican presidential candidates are quick to blame government spending for our current woes. “On my first day in office, I will send five bills to Congress and issue five executive orders that will get government out of the way and restore America to the path of robust economic growth that we need to create jobs,” said former Massachusetts Governor Mitt Romney when he unveiled his jobs plan in September. Likewise, in his plan, Texas Governor Rick Perry touts spending cuts as part of the road toward renewed economic growth: “The cut, balance, and grow plan paves the way for the job creation, balanced budgets, and fiscal responsibility that we need to get America working again.”
The problem, as Neil Irwin reports for The Washington Post, is that sharp cuts to government have been terrible for the recovery. Thanks to lower revenue, limited federal aid, and budget-cutting state legislators, the public sector has cut 455,000 jobs since the beginning of 2010, sending the proportion of government jobs to 16.7 percent, the lowest level in three years. These cuts have been a huge drag on the recovery -– to wit, October saw private-sector job growth of 104,000, which was offset by the loss of 24,000 public-sector jobs, for a net increase of 80,000 jobs. This dynamic has been true of every month since the recovery officially began.
Far from unleashing the power of the private sector, cuts to government have prolonged the economic pain, as demand is removed from the economy without an adequate replacement. Despite this, conservatives continue to press for further and greater cuts to government spending –- the Pentagon notwithstanding. What conservatives refuse to acknowledge is that we are living through the recovery they say they want, and it’s been disastrous.
By: Jamelle Bouie, The American Prospect, November 7, 2011
Cutting Taxes For The Rich Never Ends Well
You can call it 9-9-9, the Perry two-step, or a national sales tax. But the various flat tax plans being proposed by Republican candidates, right-wing think tanks, and media commentators share some common characteristics that should worry most middle-class Americans.
The basic notion behind a flat tax is to eliminate the current system of six tax brackets—in which people with higher incomes pay higher tax rates—with a single uniform rate. Most flat tax proposals also eliminate most or all of the deductions and credits in the current code—such as the mortgage interest deduction, the deduction for charitable giving, and hundreds of lesser-used preferences.
The flat tax is certainly a good deal for high-income individuals. Although they might not get to deduct mortgage interest payments on their vacation homes, those with high incomes more than make up for it in the lower, “flatter” rate. For example, under a 20 percent flat tax (similar to the one proposed by Rick Perry), the top 1 percent would see an average tax cut of over $200,000.
If the rich are paying less, you can probably guess who would pay more: low- and moderate-income families. For example, under the Cain 9-9-9 plan, 90 percent of filers with incomes between $40,000 and $50,000 would see a tax increase averaging about $4,000. (The Perry plan gives taxpayers an option of staying in the current system—so it’s unlikely anyone would choose the flat tax option if it means higher taxes. Since low- and moderate-income taxpayers would see an increase under the 20 percent plan, the final result of the Perry plan would be the introduction of an exclusive tax code designed for the high-income individuals, while the rest of us get to keep the old clunker. See who would choose which plan.)
Because flat tax proposals lower rates at the top, and because the top is where an increasing share of income is being concentrated, they also tend to bring in significantly less revenue than the current tax code, resulting in higher deficits, fewer public investments, and pressure to cut programs like Social Security and Medicare.
Proponents of the flat tax argue that lower rates on the rich (or the “job-creators” as some are now calling them) and on income derived from stocks and bonds will boost economic growth and job creation. However, this trickle-down theory has been tried and failed: Bush-era policies moved the tax code in this direction, but the “boom” of the 2000s was the worst on record since at least the 1950s.
Tax cuts for the rich and a higher debt for everyone else? We’ve seen that movie before, and it doesn’t end well.
By: John Irons, Research and Policy Director, Economic Policy Institute; Published in U. S. News and World Report, November 1, 2011
Will The GOP Field Ignore Another Pastor Who Says God Sent Hitler To ‘Hunt’ Jews?
Has the GOP primary gone off the rails before the first vote has even been cast?
In 2008, Sen. John McCain rejected the endorsement of John Hagee, a far-right pastor who had called the Catholic Church the “Great Whore” and said that Hitler was sent by God to be a “hunter” of Jews who had not yet moved to the land that would become Israel. McCain wasn’t exactly running as a moderate – look who he chose to be his vice president – but he knew, at least this time, that a line had been crossed.
Today’s GOP presidential candidates seem to have no such scruples.
Compare Hagee’s statements to this passage from a 2004 sermon by Mike Bickle, megachurch pastor, big-time evangelical, and star speaker at Rick Perry‘s August prayer rally-cum-campaign launch. In a video found by Brian Wilson of Talk to Action, Bickle prophesies that in the End Times 2/3 of all Jews “will die in the rage of Satan and in the judgments of God.” He goes on to discuss a disturbing and ultimately dangerous theory of the Holocaust even more outrageous than that pushed by Hagee:
The Lord says, “I’m going to offer two strategies to Israel, to these 20 million.” He says, “First, I am going to offer them grace, I am going to send the fisherman.” Do you know how a fisherman lures? I mean do you know how a fisherman does their thing? They have the bait in front, luring the fish. It’s a picture of grace. … And he says, “And if they don’t respond to grace, I’m going to raise up the hunters.” And the most famous hunter in recent history is a man named Adolf Hitler. He drove them from the hiding places, he drove them out of the land.
Mike Bickle is not just any radical pastor preaching End Times scripture. He was a key organizer of Perry’s The Response rally this summer, lending a number of staff members of his International House of Prayer (yes, IHOP) to the event and emceeing the proceedings himself.
Bickle has a history of outrageous claims. In the lead-up to The Response , for instance, People For the American Way’s Right Wing Watch reported Bickle’s theory that Oprah Winfrey is the precursor to the Antichrist. Asked about the extremism of Bickle and other The Response leaders before the rally, Gov. Perry said, “I appreciate anyone who’s going to endorse me, whether it’s on The Response, or whether it’s on a potential run for the presidency of the United States. Just because you endorse me doesn’t mean I endorse everything that you say or do.” That’s true. But Perry did more than accept Bickle’s help: he trotted him out to promote the event that served as a de facto launch of his presidential campaign.
Asked about Bickle’s more recently uncovered anti-Semitic rant, a Perry spokesperson performed a similar dodge:
Gov. Perry initiated the Response event for the sole purpose of bringing our nation together for the common cause of praying about the challenges confronting us. Those participating did so because of that common cause, and the issue you refer to has nothing to do with the goal and purpose of that event.
Only in today’s GOP does “bringing our nation together” entail hosting an event for the nation’s most vitriolic opponents of pluralism.
We need not even go as far as Bickle to see how much the GOP has changed in just a few years. Invited to speak alongside the controversial pastor at Perry’s marquee event was Hagee himself.
Neither Bickle nor Hagee has officially endorsed Perry. In fact, it’s the other way around: by placing them on the stage at a nationally televised event, you could say that Perry endorsed Bickle and Hagee. While McCain rejected the endorsement of someone who demonized people of other faiths, Perry is actively working to throw such people into the spotlight.
As Perry has embraced and promoted these proponents of religious prejudice, his fellow candidates have stood by in silence. Even when Perry endorser Robert Jeffress repeatedly called Mitt Romney‘s Mormon religion a “cult” and called Catholicism a “counterfeit religion” created by “Satan,” only one candidate (Jon Huntsman, a Mormon himself) challenged him directly — and Perry kept the endorsement. Even Mitt Romney, who tries to come across as the most reasonable of the bunch, has accepted the endorsement of prominent anti-Muslim advocate Jay Sekulow.
These candidates, of course, are entitled to their personal religious beliefs. But they are running to be the president of all Americans. If they stand by silently while people like Bickle, Hagee and Jeffress peddle bigotry against non-Christian religions, and even against other types of Christians, they’re giving us a hint of how they would approach their presidencies. It’s a frightening vision, and one that the American people are smart enough to see before they go to the polls.
Whatever our differences we should all, at least, be able to agree that Hitler was not sent by God to convert Jews to Christianity; that Catholicism, Mormonism and Islam like all religions are protected by the Constitution; and that Oprah Winfrey is not the Antichrist. Will Perry or any of his fellow candidates stand up and contradict Bickle, Hagee and Jeffress? Can’t we at least start there?
By: Michael B. Keegan, President, People For The American Way, Published in The Huffington Post, November 4, 2011
Share This Blog
Unknown Feed- An error has occurred; the feed is probably down. Try again later.
mykeystrokes.com 