David Broder (column, 1-30) suggests the removal of two tax “loopholes” in order to use half the money to reduce the individual and corporate tax rate.
The two “loopholes” just happen to be the two largest tax breaks given to the middle class: the home mortgage interest deduction and the tax exclusion for employer-provided health insurance.
Without these two tax breaks (benefiting mainly those of us in the lower 98 percent of the income pool) many of us would not be able to afford a home or health insurance. Or we would have to pay substantially more taxes in order to enjoy those “benefits.”
But wait: Didn’t the right wing recently argue vehemently about how wrong it would be to “raise taxes” (i.e., let the tax cuts expire) on the upper 1 percent of the income pool?
It is amazing to me that someone would have the audacity to suggest raising taxes on the middle class, the part of the population still suffering from the recession, so soon after arguing vehemently that raising taxes on those who are not suffering financially would be wrong.
Doesn’t anyone else see the hypocrisy here?