The Democrats are using their favorite tool all over again: class warfare.
It has been their steadfast friend and savior for decades: Use lies about economics and the rich to convince middle and lower class voters that they are the salvation of America.
I say lies about economics because they continue to falsify the facts and tell half-truths in order to demonize upper class taxpayers. They make it seem as though tax cuts for the wealthy are somehow gifts. Of course that is a lie because no tax cut is a gift - rather the government taking less of those upper class citizens hard-earned money.
The biggest farce ever conceived (and successfully implemented) is the idea that tax cuts for the upper class somehow hurt everyone else. That is absurd when you really think about it, where that money goes, and what it does.
Wealthy Americans don't keep those dollars not taken under a mattress. They use them to make more money for themselves and create economic well-being of consumers.
If they invest their money in the stock market, they allow the recipient company to grow and expand, in turn creating jobs.
If those wealthy Americans decide to start their own business, they create jobs for others in the form of not only labor in their fledgling business but also suppliers.
Perhaps they won't invest the money. Perhaps they will go out and spend it on the lavish extravagance Democrats love to point to. Whether buying a yacht, a new house or a new car, the workers who build those luxuries stay employed for another day, and earn another dollar.
If you consider what happens when a middle or lower class person receives a tax refund it is somewhat lackluster.
Perhaps that consumer will go buy a new TV, most likely manufactured overseas. Perhaps they will get new clothes, produced by non-American workers.
In the end, tax cuts to low and middle income Americans do little to stimulate the economy and put people to work.
By no means should lower income or middle income Americans be excluded from a tax cut. But neither should upper income Americans who do the most to stimulate job creation and stock market growth.
In the past the condition of the stock market was of no real concern to the everyday citizen, but with 401k plans and IRA's as common as paychecks, that has all changed. Why not give money back to the men and women capable of creating real growth in stocks and bonds?
I think all Americans taxpayers deserve a tax cut. President Reagan proved by stimulating the boom of the 90's that supply side economics works, and it is time to fix it again.
Bill Clinton's legacy of tax increases must be undone and taxes must be reduced so that working citizens can keep more of their income, no matter what tax bracket they are in.
Tom Daschle and his Democrat cronies can whine and moan about how tax cuts for the wealthy somehow hurt everyone else. But their lies are losing strength with the public of this nation.
It is time for the 50 percent of Americans who pay 96 percent of taxes to receive some incentive to continue achieving.
Write to Russell at rlg@temporalfront.com
Read More
Three Air Jam teams take home the win
October 12, 2012Nineteen teams shimmied, shook and flipped for a sold out John R. Emens Auditorium on Thursday night during the 25th annual Air Jam.
Bill Clinton Speaks at North Central High School
October 12, 2012Former President's Speech Could Have Effect on State Senate Race
