Political Irony in Republican Congress Victory

By Padmini Arhant

Bush Tax cuts Expiration and Preserving Social Security – The Republican members’ opposition to this issue is no surprise considering the campaign financing received during the November 2010 election.

However, should the consequences be the struggling majority bear the burden of the privilege to the top 1% in the society?

The earlier proposal offering permanent tax reduction to middle income families earning $250,000 or less and subjecting those earning more to the progressive tax structure on the residual income adequately meets the requirements in income distribution and deriving national revenue that could perhaps be applied to deficit reduction.

In fact, by passing the above prudent measure the Congressional members would be relieving the tax payers across the board from excess taxation and allow voluntary economic stimulus through consumer spending.

The Republican members’ gridlock in this legislation would derail the needful tax breaks to all deserving taxpayers in the tough economic times.

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Thank you.

Padmini Arhant