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View Diary: Republicans float limiting deductions in exchange for permanent extension of Bush tax cuts (78 comments)

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  •  This proposal would do nothing but reduce the (2+ / 0-)
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    caul, Medium Head Boy

    middle class even further.  Here's why:
    1. The itemized deductions for state and local taxes and mortgage interest impact the heart of the middle class.  They pay local taxes.  They pay state taxes.  And they pay property taxes on their homes.  And the idea of owning a home or a condo or apt. is at the heart of the middle class and family.

    2. As government help for those who need help languishes, charities have to step up. Yep, I know that church contributions often do nothing to address that concern.  But now isn't the time to get into a fight over this.  And yes, we need to look carefully at donations by those of wealth who use charity deduction to continue to wiield power--only now it's tax free.  Any tinkering with the deduction will hurt us, and keep the wealthy's pursuit of "charitable pursuits" fully intact.  I don't know this.  But I got a feeling because these people don't really believe in anything.

    3. Tax rates on those of great means must be increased.  Increased taxes on the top are a dollar-for-dollar attempt to help the middle class survive.    

    4. The Dems better get this one right.  Many people are getting very tired.

    And, for kicks, have you looked at Kathleen Parker's latest column  on class warfare? The usually "moderate" Kathleen has gone off the tracks with distinctions between mere millionaires and big billionaires. And corporations? Okay, there are a few bad apples, but the rest are our friends.  

    It is an old strategy of tyrants to delude their victims into fighting their battles for them. --FDR

    by Rube Goldberg on Mon Nov 07, 2011 at 04:01:51 PM PST

    [ Parent ]

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