Senator Bernie Sanders understands what’s going on. Why is there no outrage from most of us?
“For a Democratic president, Democratic House, Democratic Senate, to be following the Bush economic philosophy of tax breaks for millionaires, billionaires is absolutely wrong public policy, absolutely wrong politically, and I gotta tell you, I will do whatever I can to see that 60 votes are not acquired to pass this legislation,” Sanders said on on MSNBC’s “The Ed Show,” before telling host Ed Schultz that he might go as far as to filibuster the legislation.
“Millionaires and billionaires do not need huge tax deductions, that’s the simple truth,” Sanders continued.
Think Progress quantifies the insanity:
Despite Republican wrangling over the past two years about deficit spending and debt, the New York Times reports that the entire package “would cost about $900 billion over the next two years, to be financed entirely by adding to the national debt.”
I think we should settle this immediately with a national referendum. Allow the citizens to go to the voting both and check YES or NO: “Should we give big tax cuts to people who don’t need the money, where the effect is to plunge this country more deeply into debt?”