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Tag Archives: middle class

Mitt Romney and GOP politicians want to raise your taxes

08 Wednesday Aug 2012

Posted by Michael Bersin in Uncategorized

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middle class, missouri, Romneyplan.org, Ryan Budget, Tax policy, taxes

There was a very brief, but interesting letter to the editor (Titled “Before and After“) in today’s (Aug. 8) St. Louis Post-Dispatch – the writer claimed that politicians are making big promises right now, but when, after the election, the dust settles, the GOP will look out for the rich, the Democrats will work for the poor, and the middle class be dammed. The writer’s rhetoric is, however, sadly behind the times. Take for instance the old GOP standby, the claim that Democrats want to raise taxes,  and then consider this video about the Romney tax plan:

You can calculate your own savings at the new Website, RomneyPlan.org.

We’re going to hear the Democrats tax-and-spend mantra from the crop of GOPers who won their primaries in Missouri last night along with lots of similar lies from anonymously funded attack ads. GOP Senatorial candidate Todd Akin, for instance, has already attacked the new taxes that pay for the extension of insurance in the Obamacare law – even though they’re mostly levied on insurance providers and those with big incomes. Just keep in mind that the only parties who’ll see their taxes go down if Romney wins the election and we hand him a GOP House and Senate will be the millionaires and big corporations – entities that have, arguably, not been paying their fair share for some time.

Of course, we’re Democrats and the GOPers are right – taxes aren’t our be-all and end-all. We understand that taxes buy us the things we need to succeed and have a good quality of life. Unlike the Republicans who support the slash-and-burn economies of the Ryan budget, we understand that evaluating benefits is an integral part of benefit/cost analysis. Nevertheless, we don’t want to pay more taxes so that Mitt Romney, the Koch brothers, and monster corporations can pay less.

And as for the writer of the letter I cited and his claims pitting the poor against the middle class, please don’t get me wrong. I hope Democrats continue to worry about the poor along with the middle class – although maybe that desire is not entirely unselfish. Right now, Democrats are all that stand between the middle class and the poverty attendant on our growing inequality.  

It's in their nature

02 Friday Dec 2011

Posted by Michael Bersin in Uncategorized

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Tags

Claire McCaskill, middle class, Obama, republicans, Roy Blunt, taxes, White House

Is anyone really surprised? From the White House:

THE WHITE HOUSE

Office of the Press Secretary

____________________________________________________________________________

FOR IMMEDIATE RELEASE

December 1, 2011

Statement by the President

Tonight, Senate Republicans chose to raise taxes on nearly 160 million hardworking Americans because they refused to ask a few hundred thousand millionaires and billionaires to pay their fair share.  They voted against a bill that would have not only extended the $1,000 tax cut for a typical family, but expanded that tax cut to put an extra $1,500 in their pockets next year, and given nearly six million small business owners new incentives to expand and hire.  That is unacceptable.  It makes absolutely no sense to raise taxes on the middle class at a time when so many are still trying to get back on their feet.

Now is not the time to put the economy and the security of the middle class at risk. Now is the time to rebuild an economy where hard work and responsibility pay off, and everybody has a chance to succeed.  Now is the time to put country before party and work together on behalf of the American people.  And I will continue to urge Congress to stop playing politics with the security of millions of American families and small business owners and get this done.

###

The usual suspects:

Question: On the Motion to Proceed (Motion to Proceed to Consider S. 1917 )

Vote Number: 219 Vote Date: December 1, 2011, 08:27 PM

Required For Majority: 3/5 Vote Result: Motion to Proceed Rejected

Measure Number: S. 1917

Measure Title: A bill to create jobs by providing payroll tax relief for middle class families and businesses, and for other purposes.

Vote Counts: YEAs 51

NAYs 49

Blunt (R-MO), Nay

McCaskill (D-MO), Yea

[emphasis in original]

The bill needed 60 votes to proceed.

The bill included payroll tax relief for the 99% and a millionaire surtax for the 1%:

….TITLE I-Payroll tax relief

SEC. 101. Temporary payroll tax cut for employers, employees and the self-employed….

….SEC. 102. Temporary tax credit for increased payroll….

TITLE II-Surtax on millionaires

SEC. 201. Surtax on millionaires.

(a) In general.-Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part:

“PART VIII-Surtax on millionaires

“SEC. 59B. Surtax on millionaires.

“(a) General rule.-In the case of a taxpayer other than a corporation for any taxable year beginning after 2012, there is hereby imposed (in addition to any other tax imposed by this subtitle) a tax equal to 3.25 percent of so much of the modified adjusted gross income of the taxpayer for such taxable year as exceeds $1,000,000 ($500,000, in the case of a married individual filing a separate return)….

“….They voted against a bill that would have not only extended the $1,000 tax cut for a typical family, but expanded that tax cut to put an extra $1,500 in their pockets next year…”

So, to put this in perspective, if a millionaire has a modified adjusted gross income of $1.1 million that surtax should equal $3,250.00. The terrible sacrifices we ask…

The class war has been going on for a long time and the 99% have been losing. We know which side Roy Blunt (r) is on.

The republican majority in the Senate stops middle class tax cut 36-53, President Palin is pleased

05 Sunday Dec 2010

Posted by Michael Bersin in Uncategorized

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Tags

class warfare, Congress, HR 4853, middle class, missouri, Senate, tax cut, wealth redistribution

An explanation of the sausage making.

The vote:

U.S. Senate Roll Call Votes 111th Congress – 2nd Session

Question: On the Cloture Motion (Motion to Invoke Cloture on Motion to Concur in the House Amdt. to Senate Amdt. With Amdt. No. 4727 to H.R. 4853 )

Vote Number: 258 Vote Date: December 4, 2010, 10:30 AM

Required For Majority: 3/5 Vote Result: Cloture Motion Rejected

Amendment Number: S.Amdt. 4727 to H.R. 4853 (Airport and Airway Extension Act of 2010, Part III)

Statement of Purpose: To change the enactment date.

Vote Counts: YEAs 53

NAYs 36

Not Voting 11

And they managed to do so with 11 republicans not voting. Is this a great country, or what?

Missouri republicans voted “no” because billionaires deserve an even bigger windfall

02 Thursday Dec 2010

Posted by Michael Bersin in Uncategorized

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Tags

class warfare, Congress, HR 4853, middle class, missouri, tax cut, wealth redistribution

The middle class tax cuts (for everyone, including millionaires and billionaires) for income up to $250,000.00 passed in the House this afternoon. All but three republicans voted “no” because they think millionaires and billionaires deserve even more money. In voting “no”, they voted against tax relief for the vast majority of working Americans and their families.

FINAL VOTE RESULTS FOR ROLL CALL 604

H R 4853      YEA-AND-NAY      2-Dec-2010      3:55 PM

QUESTION:  On Motion to Concur in the Senate Amendment with an Amendment

BILL TITLE: Airport and Airway Extension Act of 2010, Part III

—- YEAS    234 —

Carnahan

Clay

Cleaver

Skelton

—- NAYS    188 —

Akin

Blunt

Emerson

Graves (MO)

Luetkemeyer

[emphasis added]

Well, bless Ike Skelton (D).

I can see the ads from organized labor in the 8th Congressional District in two years attacking Jo Ann Emerson (r) for voting with Speaker Boehner 95% of the time. Yeah, right.

Here’s an explanation of the sausage making:

Today in Congress

….What the hell is going on here?

The Airport and Airway Extension Act of 2010, Part III was originated in the House and passed back in March. (And remember, if there are going to be revenue provisions in this thing, it has to have originated in the House, so that’s important.) It then went to the Senate, and sat around until September.  When it came to the floor, the Senate amended it, passed the amended version, and sent it back to the House.

Now, the House plans to take up the Senate amendment, which it does under a rule governing debate, just as it would with any bill. And if you want to, you can write the rule for the bill to disallow any amendments to it, and that’s just what they’ve done with this one. But writing a rule to disallow a motion to recommit is just not done. It could be done, but it would be a very, very serious infraction against the rights of the minority. So it’s not done.

But guess what? Because this is a bill that’s already passed and left the House, and the only changes in it are Senate-made amendments, it can’t be recommitted, which means there can’t be a motion to recommit. Why not? Well, when a motion to recommit passes, it technically sends a bill back to the committee that reported it out. But this bill has already left the custody of the House when it passed the first time. That material can’t be recommitted, and neither can the Senate material, which was never in the hands of the House committee in the first place. So by definition, it can’t be recommitted. The only thing that can happen is that the House can agree to the Senate amendment, disagree to it, or agree to it with additional amendments. That’s it. No recommittal. And only the amendments the Rules Committee allows.

And what amendment will the Rules Committee allow? An amendment to strip out the current contents of H.R. 4853, and replace it with the new, Middle Class Tax Relief Act….

Well, let’s see what the Senate does. Claire?

24th State floats Ed Martin’s boat.

21 Tuesday Sep 2010

Posted by Michael Bersin in Uncategorized

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Tags

24th State, Ed Martin, job creation, middle class, missouri, poverty rates, Tax policy

It came to my attention that Mr. Ed Martin, GOP House candidate for the 3rd district,  was all excited that folks 24th State were reading SMP:

RT @24thstate: ShowMeProgress Showing Lack Of Economic Education

I assumed that he was thrilled that 24th State wanted to participate in a  substantive discussion of economic issues that conservatives have so far reduced to slogans and generalities. (You don’t believe me? Take a look at Roy Bunt’s jobs plan – not much there to back up his ideas list of standard GOP talking points.) After following the link to the 24th State post, though, I changed my mind about the reason for Mr. Ed’s enthusiasm.

If Mr. Ed were interested in substance, he couldn’t have been that taken with the 24th stater’s smug response to a recent post by Sarah Jo in which she offers evidence that the the low tax, low regulation elixir that the GOP snake oil salesmen are peddling hasn’t racked up such a great record in the past when it comes to the welfare of anyone but billionaires and corporations. 24th State seems to think that Sarah Jo is claiming that “rich people cause depressions.”  Sheesh! Somebody needs to work on their reading comprehension skills.

Apart from demonstrating a common right-wing misunderstanding of JFF’s “supply-side” tax cuts, our 24th Stater mostly contents himself with several convoluted ad hominem assertions. No doubt it’s this exercise in deflection that has the slippery Mr. Ed so excited – evading real issues seems to be something of an art form among GOPers.

Progressives, if this post were to be believed, are academic types whom Mr. Ed’s blogging friend characterizes as economic failures too naive to understand the difference between the “rich,” who are the “producers,”  and the “super-rich” whom he insists are – wait for it – Democrats. Evidently our confrere on the right has never heard of the Koch brothers, Richard Mellon Scaife, Phillip Anschutz, Missouri’s own Rex Sinquefield, and a host of Republican billionaire donors who keep the struggle against us ineffectual, progressive failures perking along.

Of course, no one denies that there are Democratic “super-rich” too. You can tell them from the other kind because they’re usually willing to pay their fair share. Shucks, some Democratic billionaires actually campaign in favor of tax policies that work for everybody, not just their own financial class.  

While this crude stereotyping suggests the resentment of intellectual elites that pols like Mr. Ed encourage, fanciful speculation about Sarah Jo’s mental life and that of progressives in general does not refute the points she makes. It does, however, raise an interesting question that speaks to the point of the post. Who in this economically complicated world should be labeled a “producer”? If creating jobs is the criteria, then government at all levels qualifies, yet the very idea seems to horrify Tea Party conservatives.

As for academia, Mr. Ed, as a person who wants to represent Missourians in Congress, should know about the role of academic technology transfer in fueling the prosperity of many of those entrepreneurial “producers” with whom his 24th state surrogate wants to identify the Tea Party “leadership.” Academic technology transfer is the process whereby academic research is spun-off into the private sector, and which, in 2008 alone, was responsible for the creation of 595 new companies and the introduction of 648 new commercial products – and that’s only the tip of the iceberg. So, you tell me, are academics also producers?

I also wonder if Mr. Ed thinks that the folks who work in the jobs that he believes Tea Party “producers” produce are producers as well?  Certainly, if it weren’t for them, business men of all types would be up the creek. They’re one of the groups that Sarah Jo focused on, arguing persuasively that they’re also the individuals who lose in each iteration of the laissez-faire capitalism that Mr. Ed champions.

In a statement that I am sure leaves Mr. Ed all starry-eyed, the 24th Stater asserts, speaking of his cohort of choice, those Tea Party leaders who own or hope to own small businesses:

… none of us are the super rich.  Heck, none of us are the rich.  Some of us are downright poor, today, but we won’t be tomorrow.

Hate to be a downer here, but I’ve got some news for this aspiring Tea Party capo. If he gets his way in the next two elections, his future may not be as rosy as he hopes. Nothing more or less than the Bush economic policies of lower taxes and minimal regulation are on offer from the GOP and by extension, the Tea Party. And, in line with Sarah Jo’s post, during the Bush years, poverty levels increased in a steady trajectory from 11.7% to 12.5% in spite of the very modest economic growth his policies managed to create, prompting Ezra Klein to observe:

This was the first period since we began keeping records in which the economy expanded but poverty went up — usually, economic expansions bring the poverty rate down.It’s more evidence that the pre-crisis “normal” was an economy that wasn’t working very well for a lot of people, even when it was growing.

This is what rings Mr. Ed’s bells? Kinda make you wonder what type of rich he’s really cultivating, the wannabe rich or those “super-rich” GOPers who fork over all the lobbying money.

 

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