President Obama has just proposed a deficit reduction plan that would return tax rates for the wealthy back to what they were in the 1990s under Bill Clinton, before George W. Bush gave that elite class a tremendous tax cut, leading to the tremendous deficits we now experience, a major contributing factor to the Great Recession!
Why should the wealthy pay a lower tax rate than the average person? Why should they feel an entitlement to such tax cuts permanently, rather than take on the responsibility to appreciate their success and do their part to contribute to the economic welfare of the nation? Why should they be “privileged characters” who can evade taxes through loopholes and gimmicks?
As Obama said this morning, it is an issue of fairness and simple math!
If anything, the fact that the wealthy have evaded taxes and paid a lower percentage for the past ten years is the true “class warfare”, against the MIDDLE CLASS, which has been decimated by that tax policy!
All polls show the VAST majority of the American people want higher taxes on the wealthy, so Obama is proposing something that is both proper and MORAL at the same time!
Let the Republicans fight it, and Obama will have a great issue against them in the Congressional and Presidential races of 2012. It reminds us of Franklin D. Roosevelt using that issue in the 1930s and winning a landslide second term in 1936!
So let 2012 be like 1936, when unemployment was still very high, but FDR went on to a smashing victory, because the people KNEW he cared about them, and that the Republicans cared only about the wealthy!
What is new about that 75 years after 1936? NOTHING HAS CHANGED!