It does not take a rocket scientist to recognize that the Republicans have walked into outer darkness in arguing that extending tax cuts for those who are not wealthy needs to be matched by cuts while arguing that tax cuts for the wealthy need no such compensating cuts. Their cover story for this is that the wealthy are “job creators” – despite the absence of significant evidence that tax cuts for the wealthy have created jobs except in overseas markets. Tax cuts for those who are not wealthy according to the Republicans do not create jobs. I would have thought that increased demand for products might increase jobs or so the Republicans have argued for many years. Indeed, they have argued that tax cuts pay for themselves. Now, however, they are loathe to do anything to help the economy so that they can blame Obama. I do not think that this is technically treason as a legal matter, but, as a political matter, I think it is a betrayal of a public trust – a form of political treason.
Meanwhile the blogosphere is alive with indictments of the Republican chicanery. Two of the best are here and here.
Taxing folks at a higher rate just because they make more money or have more money needs to be called by its true name: THEFT.
Posted by: Jimbino | 12/07/2011 at 06:50 AM