President's Tax Plan Protects 98 Percent of Americans
It's common sense vs. the GOP and the Cayman Islands vote
July 11, 2012
This is hard for me, but it's time to admit the GOP is right. I am a class warrior and so is Barack Obama. I enlisted in the class war years after Mitt Romney's budget buddies, the bankers and billionaires, declared war against working families. I'm late to the fight, but better late than never. To use an expression my kids used back in the day: The GOP believes the Koch brothers rule and working families drool.
Let's take a close look at President Obama's new tax proposal. The president has asked Congress to approve his plan that would prevent 98 percent of Americans from paying higher taxes next year. If you listen to Republican criticism of the presidential proposal, you would think he just asked Congress to abolish motherhood and apple pie. GOP opposition to this tax cut proposal illustrates the fact that Republicans care more about hurting the president than they do about helping middle-class Americans.
Why is the GOP so hostile to a tax break for a large majority of Americans anyway? Aren't Republicans supposed to be in favor of tax cuts? The opposition to the president's tax cut plan reveals the stark difference in the economic philosophies of the two parties. The GOP believes that the best way to stimulate the economy is from the top down. The president believes that growth comes from the middle out.
Republicans will go to any length to protect the big businesses and big business people who fund their conservative super PACS to the tune of hundreds of millions of dollars. Mitt Romney will also go to any length to protect his money. The Romney campaign mantra is "I believe in America" when it should be "I believe in America and bank in the Caymans."
If congressional Republicans kill the president's proposal, 98 percent of Americans will pay higher taxes next year. The GOP doesn't care. The party wants Barack Obama gone, even if it makes Americans pay the price.