What if the GOP raised taxes and nobody noticed — not even the GOP?

  • Article by: Paul Gutterman
  • Updated: October 22, 2013 - 7:33 PM

We’ve already ‘soaked the rich.’ Republicans should admit it, and use it.

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vapausOct. 22, 13 7:01 PM

Absolutely, let's have Republican tax rates, the Republican Eisenhower administration, when working people had good paying jobs and wide spread prosperity was a bi-partisan goal. Fast forward to today, and our nation's top priority is to expand the plutocrat's bank accounts in the Cayman Islands. Protecting their wealth takes priority over basic needs of millions of Americans. Our leaders mouth the words of their corporate owners telling us "we're broke", when in reality this country produces incredible income, which goes to the top .01 percent.

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pumiceOct. 22, 13 7:07 PM

From the commentary: "Democrats have succeeded in steering the popular press wisdom as to why no 'grand bargain' can be reached to the idea that Republicans will not entertain any tax increase." Democrats have convinced everyone that Republicans are opposed to raising taxes? However did they manage that Herculean task...

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pumiceOct. 22, 13 7:16 PM

Regarding "entitlement programs driving the deficit and debt": Really, Mr. Gutterman? Which political Party is spreading that canard...

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pumiceOct. 22, 13 7:28 PM

Another example of misinformation from the commentary: "The Democratic Party has been adept at blistering [Rep. Ryan's entitlement reform] proposals, while avoiding any specific counterproposals themselves." Are you the only one who hasn't heard of raising/eliminating the FICA earnings cap? Medicare for All?

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naseth12Oct. 22, 13 7:37 PM

Mr. Gutterman, there is still plenty of room for additional tax revenue before one needs to turn to the middle class. For one, we can tell corporations to put up or shut up and enact tax law that strongly encourages investment in infrastructure, livable wages, and employee training programs. That, and if corporate executives choose to continue exporting jobs, they either pay hefty taxes or relocate themselves. Two, an entirely too large portion of our economy is based solely on financial transactions and computer-controlled super trading. Capital gains should be taxed at 25%, if not 30% to discourage more growth in such a pointless and product-less exercise. Finally, the top income bracket can indeed increase a bit more, but in the margins this time, so it actually means something. Why, you may ask? No, not because I'm a Socialist--in fact, I'm a patriot. I say all this because an astonishing amount of wealth has accumulated in the upper echelons of our society, and it's choking our economy. Capitalism only works if money is circulating, and the money available to the largest group of consumers (the life force of our economy), the former middle-class, is rapidly dwindling. That's going to become a serious problem fairly soon. The additional tax revenue should be used to pay down the debt, rebuild and expand our infrastructure, and fund education. The deficit can be further reduced by making cuts to the defense budget. We really do spend entirely too much on our military.

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nativesonzzOct. 22, 13 8:04 PM

Tax rates over the years for the top income tax bracket. 1920-73%, 1924-25%, 1928-63% 1932-63%, 1936-79%, 1940-81%, 1944-94%, 1948-82%, 1952-91%, 1956-91%, 1960-91%, 1964-77%, 1968-75%, 1972-75%, 1976-70%, 1980-70%, 1984-50%, 1988-28%, 1992-40%, 1996-40%, 2000-40%, 2004-35%, 2008-35%, 2012-33% The Economic Policy Institute (EPI) data analysis shows that between 1983 and 2012 the top 5% income earners increased their share of the pie by 74.2, while the bottom 60% of us saw our share decrease. The money that people used to use to buy food is in the hands of the rich...hence food stamps. In contrast to past 30 years of inequality, from 1932-1977, the United States became a more equal nation. This did not mean the rich suffered, they just increased their share in proportion with the rest of us. During these years we had a sharply progressive income tax and we invested in a strong middle class. In 1965 CEO's pocketed 20.1 times the income of their average worker. Today that number is at 231.4 times. Entitlements are needed, the ultra rich are NOT "job creators", but merely "politician creators," made to ensure that no one touches their money. Hence the tea-party. Remember that when it comes time to vote...231 times more... when is enough...enough?

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dakmarknetOct. 22, 13 8:18 PM

How about using just a straight flat tax on social security income. Eliminate the max amount for social security income and charge a flat tax for all income. Republicans have been arguing for a flat tax so let's start with this. All income will be taxed at a flat rate.

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theruntOct. 22, 13 9:43 PM

That mantra, "We have to reduce the deficit" is tiring because no one knows how to do it. An example: Bank of America made profit of $4.4 billion in 2010, and yet, received a tax refund from of $1.9 billion. Another: In 2011, JP Morgan Chase would have paid $4.9 billion in federal income taxes if it had not stashed $21.8 billion in offshore tax havens. So let me ask you, either party: Don't you have the guts to go after the big guys? Are you too dumb to figure it out? Too lazy? Are you toadies for the one percent? Or is it just simply easier to take heating assistance from a widow in Bemidji, food stamps from a family in Detroit or Meals on Wheels from a senior in Kentucky? Go ahead, then. Shave $75 off a retired couple's $1000 monthly Social Security check, you impotent impostors.

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aarghmebuckoOct. 22, 1310:00 PM

Disheartening to see that the U Oisin hiring political rubes dressed up as academics, but I guess that is typical of business "schools"

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lami0102Oct. 22, 1310:00 PM

Great commentary. Republicans should let the Democrats raise taxes on everybody and then we will see the voters vote for saving their own pocketbook. The other easy way to make Americans realize how high our taxes are, disband withholding and force people to cut a check every quarter to the government. Only then will people question our electorate and their spending habits.

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