Thursday, April 15, 2010

It's Tax Day...Coffee anyone?

The left pushes back...finally!  People in support of President Obama's policies showed up at various Tea Party events today. Unlike President Bush's 2001 tax cuts, which went to the wealthiest 2.2%, President Obama's tax cuts overwhelmingly benefit working and middle class families -- in fact, 95% of all Americans! Woo hoo!!!  Citizens for Tax Justice, a self-described non-partisan organization, released a report on Tuesday that read: "The 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals." This total includes the 95 percent of working families that will or have received tax credits in the range of $400 to $800. Huh, what do you know?  Obama got it right...much to right wing chagrin. I think the troubling message though is that polling numbers indicate that many Americans are barely aware of reality. Sadly, a good chunk of the country believes it has been saddled by this administration with tax hikes. Back in mid-February, 24 percent of respondents to a CBS News/New York Times poll said that their taxes had increased under Obama. Fifty-three percent said they had stayed the same. Only 12 percent thought their taxes had gone down. 


People crying about their taxes are seriously misguided. They are upset because they feel the government takes too much of their limited funds. The larger issue is that their wage isn't high enough, not that they pay too much taxes on it.  Wages have stagnated over the past 30 years while expenses (and corporate profit) have gone up. Earning power in relation to inflation leaves us with far less purchasing power than our parents or grandparents had. You can thank Corporate America via Ronald Reagan for that. Many families can't even get by with two incomes, while 50 years ago one income was more than enough to pursue the American Dream. But try explaining this to a member of the Tea Party. For them government is the problem...especially when led by a so-called black socialist, marxist, nazi guy; Unless it's a Republican government,who can do no wrong and must be obeyed without question.

Make the rich pay their fair share.  Let's get a progressive tax rate and close the God damn loopholes that are slowly turning us into a third world country. If anyone thinks that can't happen here, they're not paying attention.

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