This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.
Showing posts with label healthcare reform. Show all posts
Showing posts with label healthcare reform. Show all posts
Look! There are a lot of big issues facing the nation. Health care is one of the biggest, but the President and the Democratic Party need to move on. We have beat this issue to death at Rightardia and are getting tired of banging this drum.
At this point the single payer and public options have been dropped. Rightardia doubts that further compromises with the GOP would make much difference at this point.
So compromise and get the bill passed. If the the GOP won't compromise, then do a budget reconciliation that only requires 51 votes to pass.
While some Americans believe that the way to pay for healthcare reform is to increase taxes on the rich, this strategy could hurt businesses at a time when the economy is already dragging.
The rich have been coddled since the Reagan era. Reagan era tax policies fractured the Middle Class. One third became wealthy and the other two thirds declined or tred water.
The Bush tax policies were even worse cutting capital gains to 17 per cent and cutting the Income Tax Tables for the most affluent Americans. After World War II, the wealthy paid a 90 per cent Income Tax rate.
Under Bush the tax rate for the top earning Americans was 35 per cent.
Keep in mind, too, that most affluent Americans make most of their money through capital gains which is about half on the that Income Tax rate. The wealthy also get a big break on Social Security tax. It is capped at $106,800 making it the most regressive of the federal taxes.
Rightardia suggests that, indeed, the rich be taxed to pay for health care. The pendulum needs to swing back to the middle because the rich have become richer and the poor have become a lot poorer because of Republican voodoo economics.
Supply Side economics have cut taxes for the affluent and increased the national debt.
