If you believe the rhetoric Carol Seiu-Porter and Paul ‘Hot Dog’ Hodes are bulwarks of the middle class lifestyle and protectors of the elderly. So what would they make of this, from a letter sent to Nancy Pelosi on Tuesday?
A number of tax cuts enacted in the past decade are due to expire at the end of this year. Our fiscal policy should be one that maximizes economic growth and private sector job creation. That is why we strongly believe that Congress should extend the current tax rates for dividend and long-term capital gains taxes…We [] have a responsibility to protect middle class families and seniors from harmful tax increases and their economic impact…
Many seniors depend on this income to supplement their fixed retirement income. A recent study found that in 2007 over 27 million tax returns had dividends qualifying for the reduced tax rate reduction. Of those returns, 61 percent were from taxpayers age 50 and older and 30 percent were from taxpayers age 65 and older.
Would they say it’s just a ploy by the authors to excuse an extension on tax cuts for the wealthy? Could we expect promises to fix it, whatever it was that needed fixing, after the fact? Or would they simply dismiss it and ignore the consequences to the elderly and those nearing retirement like they did with health insurance reform?
So what would they say if the letter was sent to Nancy Pelosi by 47 House democrats?
Don’t expect ShaHodeSheaPorter to wrestle with this conundrum; while running for office in 2008 they insisted that the Bush Tax cuts were "for the rich," or "the wealthiest Americans." The class warfare rhetoric made the case that Republicans didn’t provide tax relief for anyone else, and the democrats promised to remedy this the moment they were elected. The result was to embark on a multi-trillion dollar spending binge that cannot possibly be paid for without taxes on everyone and everything–though they still insist otherwise.
A few months back I discovered that Paul Hodes had received a one time $10,000.00 donation from American Crystal Sugar (A major US Sugar conglomerate), at about the same time as the 288 billion dollar 2007/2008 Farm bill was being pushed through congress, and vetoes overrode. US Sugar is a protected industry with a good amount of political influence. American Crystal Sugar wanted to get into the ethanol industry but could not justify the up front costs. Hodes and the farm billed solved that problem with your money.
I was watching the online web cast of Hillsdale College’s commemoration of the Kirby Center (on Constitution Day) in Washington DC, and Dr. Charles Kessler of Claremont McKenna College. Dr. Kessler is a constitutional scholar and early on in his speech he makes the following observation about the current clash between the government and the people, and the rise of the Tea Party
The economic relationship between government, the private sector, and the people, has been the object of much debate as democrats try to convince people that spending trillions we don’t have has some kind of payoff at the other end. The fact that we can’t see that "end" and none of their predictions have come true fuels the fires of the opposition while encouraging proponents to claim we just need to wait a bit longer–or spend a few trillion more.