Trevor Loudon's New Zeal blog has moved to

redirecting you there now

Thursday, March 24, 2011

Congressional Socialists Want to Raise Taxes on the Rich

According to the Peoples World, a group of congressional Democrats, By independent Sen. Bernie Sanders of Vermont, are pushing legislation that would increase taxes on millionaires.

The authors of the Senate and House bills, Sen. Sanders and Rep. Jan Schakowsky, D-Ill., both long time affiliates of Democratic Socialists of America,  argue raising taxes on the rich is necessary to curtail the deficit and to keep vital social programs from being chopped off. The Senate bill, S 552, was introduced March 16 and the House bill, HR 1124, March 10.

"The fact is, Republicans don't want to do anything to take away tax breaks from the richest Americans, and we want to stimulate that debate," says Rep. Schakowsky .

"Do we establish an emergency deficit reduction tax on millionaires and billionaires," Sanders' legislation asks rhetorically, "or do we deny over 200,000 little children the opportunity to enroll in Head Start by cutting this program by $1.1 billion?"

"We didn't want to get into too much nuance about, well, should it be 250, 300, 275," said Rep. Raul Grijalva, D-Ariz., co-chair of the Congressional Progressive Caucus and a bill co-sponsor. "I think setting the cap where it is - millionaires - sets a starker option."

Sanders and Schakowsky say their millionaires tax proposals would raise as much as $50 billion and roughly $79 billion respectively, as well as narrow the huge and growing income inequality between the working class and the corporate rich.

Sanders with Detroit DSA, June 25, 2006

Bernie Sanders is a long time affiliate of the Democratic Socialists of America Marxists and worked with that organization to establish the now more than 80 strong Congressional Progressive Caucus.

Chicago DSA, 2005 Debs Dinner program

Schakowsky was a member of Democratic Socialists of America before entering Congress and has remained close to the organization up until the present day.

Meanwhile, nearly 30 year Democratic Socialists of America affiliate President Barack Obama has called again for increasing taxes on those earning more than $250,000 in the White House's fiscal 2012 budget request earlier this year.


Anonymous Anonymous said...

Typical socialist "covet your neighbor's goods" mentality. Let's start with millionair obama's obscene wealth. He didn't actually "earn" it anyway.

Or how about eliminating Tax Free Foundations where the super-super rich who designed the socialist system insulate their own wealth from tax "redistribution".

What is obscured here is that putting obsticles in the path of the "rich" put those same obsticles in the path of the aspiring "poor" who strive to improve their station in life.

The law is supposed to apply equally to all. Destroying the rights of the "rich" destroy the rights of the "poor" right along with them.

Lets outlaw labor unions because their purpose is to get more money which will eventually make them "rich", which is evil to socialists.

It appears that it is only evil for "someone else" to be rich, the ultimate hypocrisy.

4:58 AM  
Blogger Cobra said...

The tribe wants your money...

7:54 AM  

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home