Wednesday, April 06, 2011

Want a tax cut?

Who doesn't like the idea of having their taxes cut, right? After all, taxes are money out of your pocket, and nobody feels that they have enough money, so if they can hold onto some of it they'll be happy.

That's been the Republican mantra for decades, ever since Reagan was president, or even earlier (remember Jarvis-Gann in California, the proposition that has decimated California's educational and other public institutions?).

This idea continues to form the latest Republican tax proposal, and I think it really deserves a close look.

You see, the Republicans, and their head budget guy, Paul Ryan, have proposed a new tax plan, and their plan does, as promised, cut taxes. A lot. $182,900,000,000.00. In case you're not used to reading numbers like this, it's $182.9 billion.



There's only one problem here. With all that money in tax cuts, who's not getting a tax cut?

You.

That's right, you and everyone else who makes less that $127,769 a year. In fact, the bottom 90% of all taxpayers would receive a tax increase. Not to worry, though, because we are getting a big tax cut in the aggregate. Does it really matter if 100% of those tax cuts are distributed to the highest 10% of all earners?

The Republicans are betting that it won't matter one bit, because they'll still pitch the debate as one where they are proposing a tax cut and Democrats are proposing a tax increase. I would think, though, that there should be a huge difference between the Republicans' usual tactic, which is to package a pittance in tax cuts to the middle class with gigantic tax cuts to the wealthy and this new plan, which is to actually raise taxes on the middle class to fund big tax cuts on the rich.

This is really Robin Hood in reverse.

This should be a winning argument for us, but it has to be made, and made loud and clear, every single day.

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