Not the Same People

December 6th, 2012

A follow-up to Not a Concession, Fairness for the 2nd Percent, and Selling Out the Top 2 Percent about the GOP revenue proposal.

 

 

“Now the revenues we’re putting on the table are gonna come from guess who: the rich! There are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy.” – Speaker Boehner yesterday
 
“So can we just agree right now, everybody around the table that both sides are now talking about raising taxes on the rich…There is no difference of opinion. Both sides agree that they’re going to raise taxes on the rich.” —  Joe Scarborough this morning
 
“I think so.” — Mika

 

It looks bold, unprecedented, and daring,

But it’s actually nothing more than a red herring.

 

Even if all of the impact fell on the rich,

Repubs would still be pulling a bait-and-switch.

 

Boehner is playing a disingenuous game:

The people who pay won’t be the same.

 

Someone at the bottom of the top 2%,

Could face an effective top marginal rate of 42%.

 

But for those in the top point-one percent,

Their effective marginal rate would go up less than point-one percent.

 

Repubs are selling out the upper middle class to protect their super-rich donors

Who call the shots and are the party’s true owners.

 

It’s not six of one and a half dozen of the other.

One revenue increase isn’t the same as another.

 

So no, John, in spite of your jokes,

The people you’re willing to tax are not the same folks.

 

And no, Joe and Mika: we can’t all agree:

This is just more toadying to the rich from the GOP.

 

There is still a difference of opinion,

And the GOP remains the super-rich’s minion.

***

Here’s Morning Joe’s 12/06/12 discussion (Boehner’s and Joe’s quotes are at the 8”15 mark). Even if I didn’t care about the fairness issue, the economic effect of these measures is different, both on consumer spending (the ultra-rich spend less of their tax cut money) and on job creation, since small business owners earning over $250K will tend to cluster at the bottom end of that spectrum.
 

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