Skip to main content

View Diary: Yes, agreeing to the GOP tax cut plan would be caving (366 comments)

Comment Preferences

  •  Winning the Tax Cut Showdown--How to Do It (0+ / 0-)

    The way for the White House to win the tax cut showdown is to forward a plan that takes all the money that would go to the richest 2% and makes it part of the tax cuts for the middle class. Just boost all their tax cuts by distributing that 4 trillion dollars or so in the other tax brackets.

    What this means is that voters would be asked to decide if they want their tax cuts to be a lot better than what Bush provided or whether they would like that money to go to the richest 2%. In other words, if you are making, say $100,000 next year would you prefer the tax cut Bush gave you or a lot larger one (at the expense of the very rich)?

    Since this money needs to be borrowed from someone to pay for these cuts, wouldn't it be much more beneficial to pump it into the working part of the economy instead of giving it away to the very, very rich? Who knows what they'll do with it? Are they going to create jobs? (Not based on results.) But if you give that same amount to the poor people and the middle class, they'll spend it and create demand.

    It just makes economic sense to put that into the lower tax brackets and not give it to the very rich.

    Once this proposal is on the table, it will be only a matter of moments before the Republicans divide over it. How can they claim they won't vote for it? That would be political suicide, especially once firm numbers are established.

    I would be willing to bet that for a family of four the additional savings on their taxes would be a thousand dollars a year or more. Are the Republicans going to snatch that away from working families?

    I don't think so.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site