Are we in Gotham City, where Obama has finally shown up as the Democratic Batman, standing up for Medicare and proposing a plan to make the tax system more equitable?
House Speaker John Boehner says with a straight face that we can’t raise taxes to fix the budget because we don’t have a revenue problem, we have a spending problem.
Huh? We have an enormous, exploding budget deficit that gets scarier by the minute, and if we’re not taking in enough money to cover our expenditures, then we darn sure have a revenue problem. Our problem is not only that spending cuts need to be made, but also that revenue is inadequate due to inequitable taxation.
Since the Bush tax cuts, the ultra-wealthy and the corporations have been paying a disproportionately small amount of taxes compared to the middle class. Since Eisenhower’s presidency, and before the Bush tax cuts, the tax bracket was far higher on those earning over $250,000, and our nation prospered.
The Republican budget plan contains severe budget cuts primarily affecting the most vulnerable people in our society, has no plan to increase tax revenue and would not cure the deficit for 75 years. It would replace Medicare as we know it with a voucher system. Good luck with that, Grandpa.
Trying to fix the deficit and balance the budget without addressing inequitable taxation is a farce. The question is who will prevail, Obama or Boehner?