Time to Fight the Romney Tax Plan

With some of the actions of the Obama Administration many of us now see them as the lesser of two evils, not any real solution to our nation's problems. While many of us doubt whether they will really ever fight for what this country really needs, a Progressive vision we still must credit them one thing. They are indeed the much lesser of two evils. That is because when you look at what Mitt Romney and the Corporate zealots in the Republican Party want to do for this country it is indeed evil in itself.
You see, these folks have been rolling along robbing the rest of us blind for decades now. It is the damage done our economy by their policies of greed that crashed it, and now they simply cannot shed their crack addiction to greed. They want more.

More blood from all the rest of us. More idiocy that damages our country as a whole and enriches the greediest and least patriotic among us. All the time they want to ignore the real problem in America. Why? That problem is them. Unfortunately for the rest of us they have been doing it so long that they now feel entitled to pick us clean and ignore the simple fact that the problems with our economy stem from far too few people having money to spend than anything else.

Don't take our word for it though. Romney released his own plan long ago to satisfy the tea-baggers and the Corporate stooges that rule the Republican Party. Of course he plans on slashing taxes on them and cutting benefits for the elderly, the poor and children:

Romney's plan includes some standards on the Republicans' wish list for tax reform. He would reduce corporate tax rates from 35 percent to 25 percent, eliminate the inheritance tax and repeal the alternative minimum tax.

Romney said he believed his plans for the U.S. economy, which involve deep cuts in federal spending and overhaul of expensive programs for the poor and elderly, Medicare and Social Security, would trigger job growth and address record deficits.

He would maintain the current 15 percent rate on capital gains and proposed that no Americans with annual income below $200,000 pay taxes on capital gains.

http://www.csmonitor.com/USA/E...

The problem with all this?? It is just what caused the problems and does nothing to address the real problems. The first, very pressing problem is that too few people have too much wealth and now they can buy elections at will to keep it that way:

The nation's wealthiest citizens, unleashed by the Citizens United decision, are pouring enormous sums of cash into this year's political campaigns. Last month, Romney outraised the president, the best campaign fundraiser the Democratic Party has ever known. "There is a connection between economic inequality and political inequality," Stiglitz said.

http://www.thefiscaltimes.com/...

The other problem?? Because of the insane greed of folks like Mitt Romney they would continue to destroy our economy by hording even more of the treasure to themselves. The real problem in this country is not that folks like Mitt Romney have to little money it is that they continue to pay folks who do actual work less and less:

So why aren't all boats rising today? Not only is the income gap growing, but both the rich and poor are dividing a shrinking pie. Why? A growing share of income is going to the same corporate sector that Romney wants to shower with more tax breaks.  The share of all income going out in wages, salaries, dividends, interest and capital gains, which includes everyone's pay from the chief executive officer to the lowly janitor, is declining as a share of national income and has been for over 30 years. According to the latest quarterly report from the Bureau of Economic Analysis, employee compensation has fallen to 61.6 percent of total national income, down from 66.3 percent when Ronald Reagan took office.

All at a time when Corporations whom Romney would reward over workers once again are enjoying surging profits:

Corporate profits as a share of total national income, on the other hand, have surged to 14.6 percent from 10.4 percent over the same time period." Lay that on top of the growing income gap  in the wage sector and what's left is average employees scrapping over a smaller slice of a smaller pie.

So in fact not only does Romney ignore the real problems and shun innovative thinking, he actually would do the exact opposite of what is needed and compound our nation's problems a thousand fold:

In such an environment, which is very different from when Ronald Reagan took office but one he helped to shape, Romney's tax program is the exact opposite of what is needed. It also contradicts the wisdom first preached by one of America's greatest business leaders. In another era, Henry Ford, after inventing the modern assembly line, recognized that he badly needed customers for the millions of cars that could roll out of his factories every year. So in 1914 he offered his employees the then unprecedented salary of $5 a day.

The fact of the matter that Romney and almost every politician in Washington wants to ignore is that our economy will never recover until we, the American workers are finally "bailed out":

An increasing number of economists are echoing that sentiment for today's environment. Aaron Smith, a senior economist at Moody's Analytics, said, "What is clear going forward is that in the absence of debt and government support, we're going to need the labor share to stop declining if consumers are to regain their prowess as drivers of the U.S. economy."

An increasing number of economists are echoing that sentiment for today's environment. Aaron Smith, a senior economist at Moody's Analytics, said, "What is clear going forward is that in the absence of debt and government support, we're going to need the labor share to stop declining if consumers are to regain their prowess as drivers of the U.S. economy."

In other words it is up to Americans like us to fight for our country. The plus side is that in doing so we will actually be fighting for ourselves and our families. We knew these folks would never stop destroying our country willingly, and it is our civic duty to stop them. I just hope we have the common sense to stand up and do it.

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