A new CBS News poll out confirms every other poll we've seen on the topic -- the American people are solidly against tax cuts for the rich.
53% of respondents said there should only be tax cuts for the middle class and no tax cuts for people making over $250,000. That's the number most people in the media are using, but that's not quite accurate. Another 14% said they don't want tax cuts for anybody, including the top bracket. So, the reality is that an overwhelming 67% of the country don't want tax cuts for the rich (including 52% of Republican voters!). Only 26% said that everyone should get a tax cut, including the rich.
So, let's do the math for people who are a little slow. That's 67% to 26%. That's a crushing 41% lead. If it was an election, that margin would be so large they would think it was rigged. The group that doesn't want tax cuts for the rich is more than two and half times the group that does.
If that weren't enough, there is an internal memo being sent around to Democrats on the Hill by Anzalone Liszt Research that shows that 77% of Americans would let the Bush tax cuts for the rich expire if the extra money went toward helping small businesses and balancing the budget. 77%!!!
Now, as a politician, how stupid do you have to be on the other side of this issue?
But that's not entirely fair because the Republicans have built their entire party on being on the other side of this issue and they're doing well. Why? Because they get handsomely compensated by those same millionaires and billionaires who benefit from the tax cuts. They use the money they collect from those guys into deceiving the American people into voting for them during the elections. That sucks for the rest of us, but at least that makes sense. There is a logical reason for them to take the more unpopular side of this equation.
Democrats on the other hand just got their ass kicked by that money spent to make sure they lose. Now, they would like to do a favor for the people who just killed them in the election and in the meanwhile take a position that 67% to 77% of the American people are against. How stupid do you have to be to do that?
That is the position of the Obama administration right now as they argue for a "compromise" where they extend the Bush tax cuts for the rich for another two years. Even Pat Buchanan laughed on-air and said that's no compromise at all. That's complete victory for the GOP. Remember, in two years there will be a new president - and if it's a Republican, the tax cuts will be extended forever. Complete and utter victory for one side. Complete and utter capitulation for the other side. Pathetic.
Of course, there are two other explanations for the actions of Obama White House. The first one is that they're not dumb, they are embarrassingly weak. They know they should side with 67% of the American people, they know they shouldn't help the people who crushed them in the last election, they know they are showing no leadership by constantly cratering to the other side, but they can't help themselves. It is in Obama's nature to always compromise, no matter what the situation is. He hates to fight. He is No Drama Obama. He will do anything to avoid a confrontation, including giving the other side exactly what they want in the guise of a sage and tempered compromise.
The last possible explanation is the worst of all. He is complicit. He is among the top 2%. So is nearly everyone he knows. Everyone in his bubble is rich, fabulously rich. So, all of the people he knows thinks it's a brilliant idea to give more tax cuts to the rich, namely them. Plus, most of the Democrats also get campaign donations from the millionaires and billionaires. Though it's self-destructive in the long run because those guys will always give more to the Republicans, they can't wean themselves off of that money. So, they go along with whatever their rich funders want.
All three options are sickening. But there is no fourth option. No one in their right mind can possibly think that opposing at least 67% of the American people to help the political opposition is a good political idea.
And one last note, when President Obama agrees to this and they add another $140 billion dollars to the deficit over the next two years because of these tax cuts for the rich, who do you think the Republicans will blame for that deficit? You guessed it, the man who just gave them everything they wanted -- Barack Obama.
Come on, how stupid do you have to be? Or at least, I hope they're just stupid and not the other options.
Follow Cenk Uygur on Twitter: www.twitter.com/TheYoungTurks
A more cynical man might say this is simply where they take their BS when people in the real world finally tire of listening to them.
Not me though.
And if you know you are going to go down at least go down with the ship, and make it look like you really wanted change instead of caving on every single issue.
"No Drama Obama" ...i like that... says it all.
Those who produce more than they consume contribute to the creation of jobs in the overall economy. Rich, poor...doesn't matter. Taxation and government intervention destroy both the means and results of productive effort. It impoverishes the "poor" more and drives the "rich" into hiding. It also destroys the incentive to create and produce.
Then again, maybe that's what you want?
Mercurus
What does this group think about taxes? Isn't this group the smartest group? Don't they understand the most about economics? I'm interested to hear not what the people think, but what the most informed and intelligent people think, i.e. people who earn the most money.
When they take all of your excess cash and claim you owe more, they will take your material means of production (house, car, tools, business, etc.). Only when you withdraw your spiritual means of production (you're mind) will they move on to the next victim.
Until they run out of victims...then we'll all be broke and starving.
Mercurus