Wednesday, July 13, 2011

The Republicans’ Phony Meme

There have been a number over the years. “Tax and Spend Democrats,” and “Death Tax” are a couple of examples. About the time “Tax and Spend” was launched the Republicans were slashing tax revenues and borrowing and spending to support our two ruinous wars.

But that was then and this is now.

The latest slogan the Republican word magicians want us to swallow as God’s truth is “Job Killing Tax Increases.” Say that often enough and people will believe that it’s true; that increased federal income will (or has) stifled job creation.

There is not a jot of evidence that this is true. Think a minute, people. No jobs are being created now, when the tax laws are as forgiving as any in the modern industrial world. Forgiving taxation hasn’t done thing to produce jobs. Corporate America is sitting on record amounts of cash and we have 9.2% unemployment.

In the current debt limit debate the Republicans have fought any suggestion of tax reform that would increase revenue by closing loopholes, or removing some selected tax exemptions.

The Republican solution to the debt crisis is to slash expenditures in the area of the social safety net. If they don’t want to raise taxes, let’s cut 200 billion out of the defense budget instead.

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