Democrats, fresh off a resounding stomping last November, are convinced that the reason they lost is because they’re not giving away enough of your money.
They rectified that Monday with a speech by Rep. Chris Van Hollen proposing tax increases on the wealthy with the money going straight to tax cuts for the poor and middle class.
The plan uses tax laws to encourage employee wage increases, reduce tax breaks for Wall Street and slap another fee on financial transactions. The government would dole out $1,000 tax credits for most workers and increase a slew of other tax credits for poor and middle-class families.
There’s more to it, a laundry list of giveaways to the “poor” and especially the “middle class.” When reading stuff like this it’s good to recall that the Democrats unwritten rule is “There is no vote too expensive to buy.” If you really need a mind numbing event in your life, follow the link and just try to follow the “logic” that Rep. Van Hollen is spewing.
Let’s take a quick look at just who is paying taxes now. Remember, 47% of Americans pay zero income tax. Actually, that’s not quite true. The pay no income tax, but they get rebates back from the IRS, so the 47% not only pay no income tax, it’s a profit center for them. “Earned Income Tax Credits” that require no income to cash in on. So, the 47% are actually not leaving us with no contribution to the cost of government in the country, they are actually taking money away from tax revenues.
Democrats also love to talk about who makes all the money. Here’s the truth.
Don’t kid yourself about the Democrats new found love of the “middle-class.” You probably don’t come anywhere near being middle class, at least according to Democrats, you’re “rich.” Note that they never talk about income levels when they have these rants, like ObamaCare, you have to pass the tax increase to find you’re rich.