Okay, boys lets see what youve got.
Senior Democrats, dissatisfied with the partys tepid prescriptions for combating income inequality, are drafting an action plan that calls for a massive transfer of wealth from the super-rich and Wall Street traders to the heart of the middle class.So youre cooking up a populist plan to use the tax code to target the most wealthy and successful Americans and hand out the money to everyone else. Perhaps I missed part of the story, but exactly how does this work out as a stark shift in Democrat messaging?
The centerpiece of the proposal, set to be unveiled Monday by Rep. Chris Van Hollen (D-Md.), is a paycheck bonus credit that would shave $2,000 a year off the tax bills of couples earning less than $200,000. Other provisions would nearly triple the tax credit for child care and reward people who save at least $500 a year.
The windfall about $1.2 trillion over a decade would come directly from the pockets of Wall Street high rollers through a new fee on financial transactions, and from the top 1 percent of earners, who would lose billions of dollars in lucrative tax breaks.
The challenge is a big one. You have to think big, you have to think forward, and you have to think new. You have to think new and fresh, House Minority LeaderFor some reason the Washington Post is apparently going to allow both Pelosi and Van Hollen to describe this as fresh new thinking with a straight face, while failing to even note that this is the same playbook the Democrats have been working out of for most of our lifetimes. But they do at least acknowledge the one serious fly in the ointment; the GOP now controls which bills make it out of committee for a vote, and this plan is never even going to make its way out of the closet.Nancy
San Fran NanPelosi
Congresswoman-for-Life from the San Francisco Bay Area, born into a family of professional politicians. Formerly Speaker of the House, but it's not her fault they lost. Really. Noted for her heavily botoxed grimace...
(D-Calif.) said in an interview, endorsing Van Hollens proposal. Van Hollen said that he has briefed senior administration officials and that they were receptive.
| When the Dhimmicrats propose taxing Tom Steyer a full 25% of his current wealth give me a call. Until then they (and the Pubs) are hypocrites... |