Skip to main content

Bernie Sanders calls upon Americans to stand up and say, "We can do better than this . . ."  My contribution to the consideration of alternatives is below the fold. And I hope yours will be in the comments.

I've been thinking a lot about the tax "compromise" and mostly, I've been thinking of it as another incident of failing even to put up a fight. It's been discouraging, at best; but wallowing in discouragement isn't all that useful, and I've been heartened by what appears to be the House Democrats' insistence that changes be made before passage. The changes proposed in the estate tax aspects of the proposal begin to improve it, but to my mind, they don't do anywhere near far enough to make passage acceptable.

I hate the Social Security tax holiday for the reasons widely discussed elsewhere -- it will be politically impossible to return to current rates once the "temporary" lower rates expire. Thus the future of Social Security will be threatened by this proposal and as much as I want stimulus, I want this approach stricken from the plan.

What could work for me, however, and what I haven't heard discussed at all, would be a provision making the tax cuts for households earning less than $250,000/year (or even some lower number) permanent. I don't love extending the higher earners' tax cuts even for one day; but I would be willing to compromise on a two-year extension of those cuts if the lower-earner cuts were made permanent right now. Then, when the vote to further extend the higher earner cuts comes up just before the 2012 election, the choice would be clear and, one hopes, would give Democrats the opportunity to clarify the difference between Republicans and Democrats -- if such a difference still exists.

I grew up knowing the Republicans were for the rich and Democrats for the people like my family -- family farmers, wage workers, the poor. I remember campaign songs from more than a half century ago that chided Republicans about trickle down economics. They are still singing that old trickle down theory. It hasn't worked up to now, and it won't work this time either.

What we need, I think, is to get behind some changes to this proposal that will make it acceptable. What are your ideas? And how can we advance them -- quickly?

Originally posted to Alice Olson on Sun Dec 12, 2010 at 07:17 AM PST.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Tip Jar (9+ / 0-)

    We don't differentiate between them and us. It's just us. -- Barack Obama

    by Alice Olson on Sun Dec 12, 2010 at 07:17:42 AM PST

  •  There is no permanency... (2+ / 0-)
    Recommended by:
    JesseCW, Sunspots

    in tax cuts.  All it takes to eliminate a tax cut is a vote to increase taxes.  In the thought of we are all in this together, I would rather see no tax cuts being extended rather than all tax cuts being extended.  We all have a responsibility to share in the tax burden of our country.

    •  Yes, but there is impermancy, and that's what (2+ / 0-)
      Recommended by:
      blueoasis, Seneca Doane

      brought us to where we are in this debate.  So, let's take away the impermancy of the middle class cuts. That's all I'm saying.

      I too would prefer total repeal of the cuts rather than total extension of the cuts. But that's not a program we're going to get the Democrats in Congress to support. My diary is a search for something that might actually pass.

      And, btw, I've no objection to paying taxes, I do it every year and, until our recent retirement, my husband and I were in the group that is benefiting most from this so-called compromise. But, I yearn for a return to a progressive system. The wealthy used to return a significantly greater portion of their good luck earnings than they have since Reagan.  Ahhh, the good old days.

      We don't differentiate between them and us. It's just us. -- Barack Obama

      by Alice Olson on Sun Dec 12, 2010 at 07:51:41 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site