Thursday, January 22, 2015

New Apple; Same Rotten Core

Barack Obama’s State of the Union tax proposal: The president’s program will expose Republicans’ unwillingness to fight inequality.:

...Some of these Republicans’ proposals—to expand the earned income tax credit or child tax credit, for instance—hold real promise. But there is a big problem with this new anti-poverty, anti-inequality platform, one that gives all this new rhetoric an air of unreality: The party remains at its core committed to fighting solutions that would come at the expense of the very wealthiest Americans, even at a time when that upper-upper echelon is achieving truly historic levels of affluence. Just look at what has been the first order of business for Republicans after they won full control of Congress for the first time in eight years this past fall. It’s not expanding the earned income tax credit, but rather pushing a Wall Street wish list for tweaks to weaken the Dodd-Frank financial reform law of 2010...

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