The Bush Tax breaks are becoming an issue again, and I wonder what Congress will do. Well, actually it’s pretty much a given with the Tea Party infected House. There’s going to be a lot of talk about taxation and socialism and whatever Koch brother generated talking points are for the week. The facts are that the two biggest contributors to the deficit are the Bush tax breaks and the unfunded wars in Iraq and Afghanistan. However, I don’t believe our conservative brethren will be much concerned about the deficit this week. Preserving tax breaks for the wealthy is much closer to home for the Tea Party representatives of the wealthy. I can hear it now… raising taxes on the rich will reduce jobs. Lowering taxes on the rich didn’t produce jobs, but raising them would cause a loss of jobs?
There are a lot of good people involved with the Tea Party and many of them have pointed out to me that I have more in common with their Libertarian bent than to the current Democratic Party (by the way, I have been flying the “Don’t Tread on Me” flag at my office for over 15 years – long before the Tea Party even existed). The fact is that as well intentioned as the movement was originally, it has been completely co-opted by the Koch brothers and other corporate lobbies. The policies of the Tea Party simply reflect the interests of billionaires. One need look no further than their complete absence in the effort to reverse Citizen’s United, the most urgent threat to our democracy, to understand this fact. Reversing the corrupting effect of Citizen’s United would clearly be in the best interests of restoring a representative government, but totally against the interests of people like the Koch brothers. Hence, the Tea Party silence on that issue, and their outrage over the delay in the Keystone Pipeline.
But, I digress…
This is what I would do with the revenue restored if the Bush tax break for millionaires was enacted. Take half of the revenue and devote it to lowering the deficit. Take the other half and undertake the most massive infrastructure renewal structure since the Great Depression. Modernize the electric grid, repair roads and bridges. Why not even create a natural gas for auto and finally begin to break free from foreign oil? The added jobs would help the economy and the modernized infrastructure would also help.
What would you do?