- Posted July 9, 2012 by
This iReport is part of an assignment:
Should the rich pay more taxes?
Retain Bush/Obama Tax Cuts On All Or None
Earlier today President Barack Obama proposed extending the Bush/Obama tax cuts, set to expire at the end of the year, for all those making less than $250,000 per year as a family or less than $200,000 per year for individuals. The President reasoned that to keep those making above that amount paying their "fair" share of taxes, the cuts should be allowed to expire.
The US House of Representatives is already poised to vote on a Republican initiative to extend the tax cuts for everyone. Neither the President nor the House Republican leadership, however, are addressing the payroll tax cuts due to also expire at the end of the year.
The call by the President to not continue the cuts for the "wealthy" rings hollow. His rationale is that to insure that these "rich" people pay their "fair" share tax cuts for them need to be allowed to expire.
Naturally, neither the President nor anyone on the left of the political spectrum defines "fair". It doesn't matter if those making in excess of $250,000 per year already pay well more than half of all income taxes flowing into the public coffers.
What the President is doing is what he has done throughout his term in office and pounds daily on the campaign stump, dividing Americans from Americans. He sees his role as a warrior and the means to be re-elected can only occur by a strategy of divide and conquer.
That is exactly what he is attempting today.
If one wants to truly make the "fair" move, either all the Bush/Obama tax cuts need to be extended or all the tax cuts need to expire. To do anything less will be a move that smacks of favoritism.
As with the way the Administration continues to pick and choose which businesses and industries to support and which to kick to the curb, the President is practicing the same strategy here of division and disunity.
The President is re-affirming his commitment to hyphenating America rather than joining all Americans together as one. Rather than advocating our national creed of e pluribus unum, out of many one, the President is once more attempting to take the one to produce many.
This policy toward the tax cuts is very similar to how the President is dealing on the campaign trail appealing to African-Americans, Latin-Amreicans, gay-Americans, poor-Americans, rich-Americans, good-Americans, bad-Americans, male-Americans, female-Americans.
See the pattern?
It is not about out of many, one, but out of one, many.
The proper course of action in relation to the Bush/Obama tax cuts, the fair thing to do, is to let all expire or extend all. Anything else would be most unfair.
From the Cornfield, in this economy with so much uncertainty, perhaps the best course of action would be to extend all the tax cuts.