The Republican Plan To Tax The Middle Class And Give The Rich What They Want

September 2, 2011

By Robert Sobel

Ronald Reagan was sworn in in January, 1981, and look what happened after he started implementing his policies.

In the United States today, as most wealthy Americans have benefited over the last 30 years from “Reaganomics”, the rest of the country has continued to struggle. The idea of “Reaganomics” or “Supply Side Economics” is that the country gives the super rich tax cuts and in return they will create jobs. It sounds nice, but it is a lie that the Republican Party has stood by for decades. As the rich in the United States see their salaries sky-rocket, the average American has seen their wages stay stagnant. Ronald Reagan got the ball rolling, he helped destroy unions who help represent the middle class against giant corporations. Over the last 10 years alone we have seen over 40,000 American factories close and jobs shipped overseas as the conservative politicians push for even more “free trade”, which lets corporations buy cheap labor in third world countries.

The Republican candidates that are lined up for the 2012 election, just like their predecessors, stand behind the same destructive ideology. This week, former Gov. of Utah and Republican primary candidate, Jon Huntsman, rolled out his “Jobs Plan”. In the plan, it included expanding free trade, taxing seniors on their Social Security benefits, eliminating any child tax credits, all while eliminating the Capital Gains tax. Huntsman’s plan calls for putting a heavy burden on the low and middle class, at the same time making it easier for the rich to pocket money. Huntsman would even tax pensions and disability benefits from Veterans.

http://www.addictinginfo.org/2011/09/02/the-republican-plan-to-tax-the-middle-class-and-give-the-rich-what-they-want/