2012 Republican economic plan - more tax cuts for the rich
By: Cahir O'Doherty | Published Tuesday, November 1, 2011, 7:13 PM | Updated Tuesday, November 1, 2011, 7:13 PM
Here's the 2012 Republican economic plan in a nut shell: more tax cuts for millionaires and billionaires.
It's simple really, easy to get your head around.
Never mind that America's rich haven't created any worthwhile jobs or industries in a decade, just accept that the rich should be getting richer at an even faster pace.
That's where you come in. By voting for the GOP 2012 candidate you will help to insure that no millionaire is left behind.
Consider this: in the last 30 years the average after-tax income for the top 1% of U.S. households almost quadrupled, up 275%, from 1979 to 2007 according to a report released this week by the non-partisan Congressional Budget Office (CBO).
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Two hundred and seventy five percent! It's Robin Hood in reverse!
The top 1% also reaped a 17% share of all American income, and that's up from just 8% in 1979 - but clearly there's still more work to do, with help from their friends in the GOP.
In the last decade almost all of Americas economic gains were concentrated in the households of the top 1%, but by voting GOP next year you can finally ensure they get it all!
I know, if you actually believed in economic opportunity for all you wouldn't vote GOP would you? Instead you believe in helping the rich to help themselves. And with your vote they're doing just that.
If Americas billionaires aren't investing in national industries, well I'm sure they have their reasons. Maybe they don't feel appreciated? Maybe all this Occupy Wall Street stuff has hurt their feelings? Maybe that's why they're hoarding their cash in gold and offshore investments year after year after year?
Far be it for me to criticize them. I'm sure they all have our nations interests at heart.
I mean if you have to choose between Obama's American Jobs Act (which would raise economic demand and boost employment) or the Republicans' Jobs Through Growth Act (which would exclusively protect corporate profits from taxation) it's obvious which one you should choose. Look how well the Bush era tax cuts have worked out already.
Senate Republicans last week killed a provision that would have provided $35 billion to hire or retain schoolteachers, police officers and firefighters. It's a luxury we can't afford!The Republicans killed it when they noticed t required a half-percent tax increase on incomes over $1 million a year. Half a percent is daylight robbery!
So you lowly peons just need learn some patience. It took thirty years for this level of inequality to explode across the United States. Just give the GOP another 30 years, for goodness sake.
I'm confident the droppings from the tables of the rich will be even greater if we let them get even more absurdly rich. The symbol of the GOP is an elephant, they know all about it.