While the Republicans and the Tea Party insist on reducing the deficit, they refuse the most logical solution to reducing the deficit: raising taxes on those who can most afford it. The GOP’s strategy is simply irrational and mind-boggling. Never has a minority party been so hard headed and reluctant to compromise on an obvious solution to the problems that they are emphasizing.
The Republicans and Tea Party are the ones making such a major deal out of the budget deficit, and while it is a concern, it is far from the catastrophic problem that the Republicans are pushing the U.S. towards. During a significant economic recession, the solution — as history has shown — is not to slash all spending, but to spend more to create jobs and wealth, which raises more revenue for the government. In addition, the idea that what the U.S. needs to do reduce the deficit is simply cut these “entitlement” programs without raising taxes is absurd! Whether its a family or the federal government, the most obvious solution to reduce debt is to increase revenue.
Nevertheless, when President Barack Obama proposes a tax increase on the wealthiest class, the so called “Buffett Tax”, which simply asks millionaires to pay at least as much as the middle class in taxes, House Speaker John Boehner (Republican) rejects it, saying the only acceptable way to reduce the deficit is to cut entitlement programs. During a severe economic recession, when many Americans are unemployed, why is unacceptable to raise on the most wealthy of Americans? Does anyone truly believe it will hurt the economy if taxes are raised on the wealthy? Why does the Tea Party have so much support? By far the majority of Tea Party supporters would benefit rather than be hindered by a tax increase on the most wealthy, yet they — and the politicians they support — refuse to negotiate on it. The U.S. has performed a lot of irrational policies in its history, but the Tea Party’s stranglehold on the government and the economy is perhaps the most unusual in that it benefits almost none of its supporters.
Studies have shown that “racial resent” is one of the most consistent and popular beliefs among Tea Party supporters, which makes one wonder: are the Tea Party supporters working against their and the nation’s overall benefit for the simple fact that they insist on fighting tooth and nail to a black president, regardless of what he proposes? I am willing to hear other explanations, but I cannot think of a rational reason why Tea Party supporters, who the majority of them are not millionaires, would object to raising the taxes on millionaires so they are at least equal to the taxes on the middle class? If the Tea Party insists on the reduced deficit, it’s completely irrational to think that they would object to a tax raise on millionaires who are paying less in taxes than the middle class!
If any Tea Party supporters read this, please comment and explain to me your logic behind this. I cannot understand your rationale.