Thursday, April 16, 2015

Republicans push for a permanent aristocracy

WP -- Republicans push for a permanent aristocracy

“On Tuesday afternoon, the House Rules Committee took up H.R. 1105, the “Death Tax Repeal Act of 2015,” with plans to bring it to a vote on the chamber floor Wednesday — Tax Day. It is an extraordinarily candid expression of the majority’s priorities: A tax cut costing the treasury $269 billion over a decade that would exclusively benefit individuals with wealth of more than $5.4 million and couples with wealth of more than $10.9 million.”

Never underestimate the ability of the Republicans to shoot themselves in the foot. There is no chance this would survive a veto and it just reinforces the Democrats campaign argument that they are the party concerned about the middle class and income inequality. The Republicans position should instead be that the Democratic policies over the last six years have not helped the middle class and even lead to more income inequality.