Friday, 14 December 2012 14:41
As I write, Barack Obama is in constant negotiations with John Boehner, the Speaker of the House of Representatives to discuss “the fiscal cliff” that we are about to be thrown over regardless of what deal they cut. He is not meeting with the Progressive Caucus of the Democrats--he has shown great disdain for their politics and their very existence, and anyway, he has their votes. It is essential that Democratic “progressives” vote down the deal that will cut social security, Medicare, Medicaid, and urgent social programs that the president is proposing—but they risk further isolation inside the Democratic Party and great punishment from the Democratic leadership. It will take a real profile in courage for any Congressperson or Senator to reject the Obama/Boehner deal that is in the works but that is what the Movement needs to demand. Let’s be clear. There is virtually no debate going on. The president is proposing that 90% of the alleged “deficit reduction plan” that is artificially created in the first place, would come from cuts in social programs, and 10% or so would come from “raising revenues” what he calls, “just a little bit more taxes” on the wealthy, specifically raising the maximum tax rate from 35% to 39% for the highest tax bracket. This is so little that with all their fraudulent and legal deductions they will not even notice the difference. By contrast, during World War II under Franklin Delano Roosevelt the top tax rate was 94% and stayed above 90% during the Republican Eisenhower administration from 1952-1960. Raising the maximum tax rate to the proposed 39 per cent is a joke, and in typical Beltway logic, Democratic insiders are talking about a compromise on the compromise to 37 percent.
Published in Community Organizing