Monday, November 19, 2018

Democrats Calling for Raising Taxes

By Douglas V. Gibbs
Author, Speaker, Instructor, Radio Host

It's almost like the Democrats want to do whatever they can to make sure they don't keep the House in 2020, and that they ensure a Trump reelection.

Remember that old quote about Bill Clinton's reelection? "It's the economy, stupid."

The economy is booming, and it's doing so because of tax cuts and regulations cuts.

Even the average uninformed voter is starting to get it.

As I asked an angry Democrat not long ago, "What about the booming economy has you so mad?"

They mumbled something about Obama priming the pump.

Obama's policies which were the exact opposite of Trump's did not get this thing started.  If, hypothetically, his Keynesian policies did serve as the kindling for the booming economy, then Trump's policies, which are dead opposite of Obama's, would have killed it.

Cutting taxes and cutting regulations ignites business activity, and creates booming economies.  That's just a fact.

Now, the incoming House Democrats are battling for who to put up for their leadership, and they are battling on what should be their policy plan.  "Hate Trump" may not work out as well as they think it might.

Among their wish list items, Nancy Pelosi is calling for a three-fifths supermajority to raise individual income taxes on the lowest-earning 80 percent of taxpayers.

In other words, tax the rich easily, but not everyone else.

Pelosi's fellow Democrats are not as impressed as she'd hoped.  They are worried that if they wish to pay for their policy ideas (their words, not mine) like Medicare for All, a tax-hike on only the top twenty wage earners might not be enough.

They want to keep open the opportunity to slam everyone with higher taxes.

Apparently, the economy be damned.

Why would they even consider raising taxes at all if they want to keep the House?  Do they really believe the voters that put them in said to themselves, "I hope they slam me with higher taxes"?

A rule in place, right now, put there by retiring Speaker Paul Ryan, requires a supermajority to raise income taxes at any level. Democrats want to get rid of that one faster than they can recite the Ten Planks of Communism. 

Didn't many of these Democrats, in order to get the job, already promise voters that they will not raise taxes on anybody outside the upper-middle-class?

They do know that the idea of soaking the rich originally comes from the teachings of Karl Marx, right?  Not that I am calling them commies, or anything.

-- Political Pistachio Conservative News and Commentary

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