Republicans Push for Tax Increase on Working Families
As Dan pointed out earlier this week, conservatives are sounding the alarm about the misleading smear that half of all American’s don’t pay income taxes. Based on this foolishness, it should come as no surprise that GOP members are now calling for an end to the payroll tax holiday benefitting low-and middle-class Americans, effectively decreasing hardworking American’s take-home pay at the moment they can least afford it.
Harold Meyerson cut straight to the heart of the matter when he pointed out that a debate on the expiring payroll tax holiday isn’t simply about tax relief, but rather is about tax relief for working and middle class Americans. Apparently conservatives are finally willing to admit that tax breaks do increase the deficit, but only when they benefit someone other than the richest one percent. Naturally, the Bush tax cuts that actually serve as one of the largest drivers of America’s deficit problem remain untouchable.
Given the realities of stagnant wages and staggering unemployment, asking more sacrifice from working families while protecting the rich is likely to be a politically unpopular stance. Republicans would do well to heed Newt Gingrich’s warnings about the danger of standing on the wrong side of this issue. To do otherwise will only reveal them as more committed to extreme ideology than the American people.
Photo credit: coldlasers.org