“Higher tax rates are not the answers to our problems. Spending is the problem, and spending cuts are the solution,” that’s what Speaker Boehner will tell the Credit Union National Association, one of his peer groups, today in Washington.
Let’s break down what that tired old line actually means. What is he referring to when he says “higher tax rates are not the answer”? If Boehner was an honest man who believed in saying what he really means, it would read: “Making the wealthy pay their fair share, cutting tax loop holes and ending undeserved tax breaks for oil companies and hedge fund managers, is not the answer. The second part is that spending cuts are the solution to everything. He knows that’s a falsehood. There needs to be a balance. Cuts can be made in several areas, including defense spending where billions of dollars are wasted each year. There need to be cuts in discretionary spending. What cannot happen are cuts to unemployment, social security, Medicare, and Medicaid. These programs are paid for by the middle class, and the money is diverted elsewhere such as two unfunded, unnecessary wars. In spite of these conspicuous facts, John Boehner will lead republicans to force the sequester.
“It’s time we shift the balance of power from the tax collector to the taxpayer,” Boehner, an Ohio Republican, said in prepared remarks. The speaker said he supported efforts to rewrite the tax code by Michigan Representative Dave Camp, chairman of the tax-writing Ways and Means Committee.
Boehner reiterated his opposition to higher tax revenue.
“The president has a different view: The first thing he wants to do about taxes is have more of them,” Boehner said, adding that Congress passed higher taxes for top earners in January as part of a deal to avert tax increases for all income levels.
He’s entirely wrong about this as well. Tax rates were not raised on the highest wage earners, their unwise tax breaks given them by the Bush administration were removed. The President does not want tax increases, he has proven that for over four years. He simply wants to return to some policies of the Clinton administration when tax rates were fair, and our nation was employed and had a surplus in its vault.
A poll I saw today said a whopping 79% of Americans believe we need a combination of increased revenue combined with spending cuts. A miniscule 19% of Americans believe spending cuts alone are the answer.
Columnist-The Guardian Express