Make a New Account



Forget your username or password?


Advanced Search

"Never before have so few with so much promised to take away so much from so many and then laugh their asses off as the so many with so little vote for the so few with so much."
A Jim Pence Quote
"American Politics, a sport for the rich and enslavement for the rest of us."
A Jim Pence Quote

Will America Fall for the Big Lie Once Again?

by: RDemocrat

Tue Nov 27, 2012 at 16:19:26 PM EST

Republicans are up to their old tricks. In their never-ending quest to balance the budget on the backs of working Americans while giving themselves a free pass no lie is too big. However as always it boils down to only one big lie. The lie Republicans push that letting the Bush Tax Cuts for the very rich expire will hurt "small businesses".  
RDemocrat :: Will America Fall for the Big Lie Once Again?
Despite an election that clearly showed where the American people stand on this issue Republicans are greedily and stubbornly refusing to ask themselves to sacrifice. Instead they continue hiding behind thier lying talking point to shamelessly try and protect themselves from sacrifice:

Boehner (R-Ohio) has said Republicans would consider new revenue - but not higher tax rates - if it is coupled with spending cuts and entitlement reforms. Obama and other Democratic leaders say simply eliminating deductions and loopholes, without raising rates on the wealthy, will not generate enough revenue to produce a "balanced" deficit reduction plan.

"Republicans understand that we must avert the fiscal cliff and have laid out a framework to do so that is consistent with the 'balanced' approach the president says he wants," Boehner spokesman Michael Steel said. "In contrast, Democrats in Congress have downplayed the danger of going over the cliff and continue to rule out sensible spending cuts that must be part of any significant agreement to reduce the deficit. The target of the president's rallies should be the congressional Democrats who want to raise tax rates on small businesses rather than cut spending."

In other words their position has not changed one bit. They will ignore the American people and refuse to sacrifice themselves. Instead they will stubbornly insist that working Americans, the poor, seniors and children will sacrifice to clean up the mess Republicans and their wealthy donors created.

All in a mythical attempt to protect "small businesses". Well this talking point like everything else Republicans spew like gospel is a bold-faced lie. Will letting the Bush Tax Cuts for the very rich expire really hurt small business. Of course not:

One of the most common reasons that politicians want to extend the Bush tax cuts is their belief that extension of the Bush tax cuts will help small business. But will it? Under the Bush tax cuts, capital gains tax is 15%. If the Bush tax cuts expire, it will go back to 20%.

Other than that, the claim by politicians that the expiration of the Bush tax cuts would hurt small businesses may be misleading. In a recent study by the Tax Policy Center, it is not at all clear that expiration of the Bush tax cuts would hurt small businesses. Indeed, according to their research, expiration would probably not hurt most small business owners.

Here are the facts. Many small businesses report their income either on Schedule C (sole proprietors), Schedule E (S Corporations), and Schedule F (farms). Only about 2.5% of all the returns including those three schedules would be affected if the Bush tax cuts are allowed to expire. Given this information, extending the Bush tax cuts would miss the majority of small business owners and would, instead, target those who do not make most of their money from small business income.

Only about 3% of small businesses will be affected if the Bush tax cuts expire. The type of business owner who will be affected by the expiration of the top Bush tax brackets are doctors, lawyers, and those who own a lot of real estate, or chains of stores. The average small business owner simply does not make the kind of money that puts them in the highest tax brackets.

Instead of lying through their teeth to the American people on question Republicans need to answer. If these tax cuts for the rich are so great and help create jobs why has the economy crashed and millions of jobs have been lost all while these cuts were in effect. If they are so great for creating jobs and helping our economy recover, where is the bang for our buck??

This trickle-down idiocy has been in place for the better part of three decades and has been a dismal failure. President Obama extended these cuts before and we saw a sluggish at best recovery as a result.

The truth is these tax cuts are a failure. They did not produce the economic or job growth Republicans said they would and in fact by widening income inequality they made all these problems worse. The fact of the matter is these tax cuts only help a very few people and Republicans could give a damn less about the rest of us.

The real question is will America fall for the big lie once again?

Tags: , , , , (All Tags)
Print Friendly View Send As Email

Blog Roll


free hit

Powered by: SoapBlox