Last edited Fri Dec 23, 2011, 08:00 PM - Edit history (3)
Democrats have long argued that the tax system should be fair and equitable.
They argue that under the current system, middle class and working Americans are paying more than their fair share while the wealthy pay way less than their fair share.
I have more to write but must run out now.
YEA! Back now, it seems like I measure my life these days by where the next wifi hotspot is.
Then there is the question about the stimulative effect of tax cuts.
Republicans say that tax cuts for the wealthy stimulate the economy as the wealthy's money will either trickle down or the wealthy will use the money to create jobs.
Democrats argue no, the rich just hang on to their money and invest it. Per Democrats, if the purpose of a tax cut is stimulative, give tax cut to stimulate the economy, put the money in the hands of the people who need it and will spend it on goods and services.
Now you can argue with economists as to whether or not tax cuts are stimulative but it is clear to most people that Democrats and Republicans have very different views about tax policy.
I believe that the rich should pay more in taxes. I believe working Americans are paying more than their fair share and the burden is inequitable. As to economic stimulus, I agree that working Americans are more likely to plow their money right back into the economy.
That does not make me a Republican, that makes me a Democrat.
I can also recognize what this Tax Holiday is about too - it is a temporary way to get some tax relief for working Americans in the face of a Congress that has so far refused to tax the rich at a higher rate, despite pressure on Republicans from their constituents, despite various ways in which Democrats in congress have tried to get the Republicans to raise taxes on the wealthy.
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