Tax cuts for liberals
Posted by Richard on August 6, 2010
Like most Socialist Democrats, Manhattan's Rep. Jerrold Nadler (SD-NY) is adamantly opposed to extending the Bush tax cuts, which expire at the end of this year. If he and his colleagues have their way, January 1 will usher in the largest tax increase in American history. Everyone in America who pays income taxes will be hit with a huge tax increase. Well, almost everyone.
Nadler and some of his Socialist Democrat colleagues from New York are sponsoring a bill that would "adjust tax brackets proportionally in regions where the average cost of living is higher than the national average." Like the tony New York districts they represent. And districts in Connecticut, Massachusetts, New Jersey, California … Oddly enough, most of the regions that would qualify for the Nadler tax breaks are heavily Democratic and represented by Socialist Democrats in Congress.
The higher taxes imposed on those of us in Flyover Country would more than pay for it, of course. The Wall Street Journal called it the "Blue State Tax Preference Act."
It's not news that the Socialist Democrats are big fans of income redistribution, but this is a twist. Instead of redistributing income to help the poor and downtrodden, now they're going to redistribute the tax burden to help rich liberals.
One could argue that this is an implementation — albeit limited in scope — of trickle-down economics. And ironically, this news came just as Christopher Taylor pointed out a couple of recent MSM articles that unwittingly acknowledged the validity of trickle-down theory.
Apparently, trickle-down economics is a good idea for the constituents of Socialist Democrats, but the rest of us are out of luck.
Once again, I'm reminded of George Orwell's Animal Farm: "Some animals are more equal than others."
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