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March 27, 2012

"Progressive" House Democrats: Give Us All Your Money

Courtesy of the House Progressive Caucus we get a sneak peek at what that sweet, sweet "flexibility" would look like in a second Obama term.

The Congressional Progressive Caucus said the taxes are necessary to fund $2.9 trillion in new stimulus spending to “put Americans back to work” and “rebuild the middle classes” while reducing the deficit. This new spending includes canceling the cuts in last August’s debt-ceiling deal between Congress and the White House.

The CPC budget will be offered as an amendment this week to the House GOP budget for 2013, which contains $2 trillion less in revenue than Obama has proposed over 10 years.

Liberals get $897 billion in tax revenue from imposing an energy tax on carbon fuels, and $849 billion from taxing Wall Street trades. Another $319 comes from a millionaires surtax. The CPC budget also ends Bush-era tax rates for the wealthy.

But wait! There's More!

These Democrats would also raise income taxes on the broad middle. The CPC plan would “allow the 28% and 25% brackets to sunset once the economy is on solid footing, in 2017 and 2019, respectively.” That means higher taxes on families making over $70,000 a year — a big, fat, middle-class tax hike.

Of course that's the dirty little "secret" of Obama's first term. All that spending and the new health insurance entitlement was going to create a deficit and debt crisis that would give Democrats the lever to try and force massive tax hikes on the middle class, not just the evil, evil "rich".

The "Progressive Caucus" is the most liberal of the liberals in the House and they'll never get their way but we should absolutely be tarring the entire Democratic party with this nonsense. If we had an actual media in this country and not simply the propaganda arm of the Democratic Party, Obama and every Democrat in the Senate should be force to take a stand on this proposal. Either make them own it or disavow their base. But "wedge issues" only get covered if they hurt the GOP.

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posted by DrewM. at 10:37 AM

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