It's hard to believe, since Republicans have been screaming for so long about what they call the tax-increasing habits of Democrats, it has been accepted as common knowledge. It is wrong. You probably don't remember that President Obama's Stimulus included a tax cut of about $400 for individuals and $800 for married couples. And today, the Democratic Senate has passed a law extending tax cuts for those making $250,000 or less.
The Republican House didn't like this. It passed a law extending tax cuts for all individuals. Essentially, Republicans are holding 98% of the country hostage by insisting that if the rich do not get their bloviated tax cuts nobody else will. They claim they are the party of tax cuts.
No they are not. Republicans want to reduce taxes only for the rich. As President Obama pointed out, while a guy making $3 million will get a $250,000 tax break a middle class guy will get a tax increase of $2000. As I indicated yesterday, these are the results of a study by an objective group. And Romney had no retort except to say it's a "joke." According to Jed Lewison at Daily KOS:
"The bottom-line: The Tax Policy Center has put its analysis forward. It's a good analysis. If Romneyland thought they could prove that it is wrong, they would do so, and they'd do it with real numbers. But that's not what they're doing. And the fact that they are falling back on things like calling it a "joke" and attacking the people who wrote the study instead of refuting its substance is a tacit admission that the study is right."
In practice, then, Obama seeks to cut taxes for 98% of us, while Romney seeks to increase taxes for 98% of us. The reverse of what Republicans say is true: Republicans are the tax-increasing party and Democrats are the tax-cutting party.
