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The Showdown On Tax Cuts for the Rich by Robert Reich

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WingDinger Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 11:34 AM
Original message
The Showdown On Tax Cuts for the Rich by Robert Reich
Edited on Thu Dec-02-10 11:35 AM by WingDinger
http://www.commondreams.org/view/2010/11/30-10

The only compromise he should be prepared to make is to extend the Bush tax cuts to the bottom 99 percent (rather than the bottom 98 percent), and for two years rather than ten.

The top 1 percent begins at around $500,000 rather than $250,000.

This would allow the President to even more sharply illustrate the extraordinary concentration of income at the top, while robbing Republicans of their debating point about small business (just about all small business owners with payrolls earn under $500,000).
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This has been my thinking also.

I used to know some in the two fiddy range, before the crash. They spent their paycheck, just like we do. Just got better stuff. There seems to be a blind spot to things they dont want thought. Like the simple fix to SS of upping the cutoff for contributions.

I wish we could do a little recombinant DNA. Install a heap of Robert Reich into our guys. Including us regular guys.
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truckin Donating Member (500 posts) Send PM | Profile | Ignore Thu Dec-02-10 12:06 PM
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1. I disagree with this approach but it would be more acceptable
than a two year extension for those making over 200K per.
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laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 12:07 PM
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2. K & R nt
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