Senate RepublicanTakes Common Sense Stand: No Tax Increases for Millionaries

Posted: July 14, 2011 in debt, politics
Tags: , , , ,

Common sense Republicans once again took on the tax-hungry Democrats in a symbolic (non-binding resolution) vote in the U.S. Senate today, with all 49 Republicans voting no to an outrageous (although symbolic) vote on whether to theoretically raise taxes on Americans making over $1,000,000 dollars per year.

Reid used the standard “the rich are getting richer” line of thinking in an attempt to get the symbolic vote passed, citing a few meaningless statistics, such a:

  • Median incomes of S&P 500 company financial officers have increased by $2.9 million in the last year while the salaries for the average American has decreased by $2,500 in the past 10 years.
  • 20% of the total income in the U.S. is made by the top 1% of wage earners.
  • 80% of income grown in the past 25 years has gone to the top 1%.

It’s not about debt reduction or jobs or money. It’s simple:

    • Taxes are evil. Period.
    • Socialism is socialism. Period.
    • The only way to lower the deficit is to cut social programs. Period.

The resolution was non-binding, of course, because Senator “Redistribute the Wealth” Reid knows that an actual bill to reduce the deficit on the backs of millionaires would be filibustered by the Republicans.

He needs 60 votes, not 50. And there aren’t that many Senators willing to attack the rich, who are such an easy target. (I”m no psychologist, but it must have something to do with jealousy.)

The rich have earned their money, and they should keep it all. Thank God that at least one party understands that.


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