Cancel 2020.1
Canceled
I'm all for lower tax rates for everyone - in the best of times. These are not the best of times, and a compromise is needed to avoid what will likely be another bad recesssion.
Can anyone explain the logic of the GOP's refusal to raise taxes on the wealthiest Americans, given this circumstance? For starters, they lost the election; they really aren't in a position to demand much. The majority of Americans favors a tax hike for the rich as part of a compromise deal. The hike doesn't represent a significant % historically. Beyond all of that, the "rich" stand to lose a lot more with another recession & accompanying stock market drop then they would by paying the extra tax.
There is no logic to it. Republicans have truly abandoned reason on this one, and to me, it's a pretty obvious "tell." Bush joked about it at a correspondent's dinner in '04, but the rich ARE their base. These are the people who fund their campaigns and livelihood. It's a pretty big statement when they're ready to send the rest of America over a "cliff" in order to protect a few % points for the wealthiest out there.
Can anyone explain the logic of the GOP's refusal to raise taxes on the wealthiest Americans, given this circumstance? For starters, they lost the election; they really aren't in a position to demand much. The majority of Americans favors a tax hike for the rich as part of a compromise deal. The hike doesn't represent a significant % historically. Beyond all of that, the "rich" stand to lose a lot more with another recession & accompanying stock market drop then they would by paying the extra tax.
There is no logic to it. Republicans have truly abandoned reason on this one, and to me, it's a pretty obvious "tell." Bush joked about it at a correspondent's dinner in '04, but the rich ARE their base. These are the people who fund their campaigns and livelihood. It's a pretty big statement when they're ready to send the rest of America over a "cliff" in order to protect a few % points for the wealthiest out there.