On Wednesday, House Republican Whip Roy Blunt issued a statement concerning a House Republican leadership report which allegedly shows how the Democrats’ legislative agenda threatens America’s economic future at a time when middle class and poor citizens are already stretching their budgets thin.
“An ever-expanding federal government financed by an ever-increasing tax agenda is absolutely the wrong way to grow our economy and create new jobs. But now almost one year into this new majority, we’ve seen time and again that Democrats are willing to impose that reckless agenda on the American taxpaying public…[T]he middle class shouldn’t be burdened with more than $200 billion in new taxes, regulations, and law-suits…[T]he American workforce — not Washington politicians — is the engine of our economic growth. Our greatest resource is the strength and ingenuity of our people. It’s time the Democrats take that lesson to heart and stop their assault on our future economic
vitality,” Blunt stated.
Critics of the record high tax proposal of the Democrats, which the Party claims is targeting the wealthiest Americans only, assert that it has been generally acknowledged that the best way to maintain a free society is to maintain incentives to upward mobility and becoming wealthy-not punishing the wealthy and not taking away incentives to the capital-creation that increasing wealth engenders.
These critics call the Democrats’ targeting of the wealthiest Americans class warfare and assert that it has no place in American society, where people are supposed to have upward mobility free of the artificial barriers of castes and class like never before in mankind’s history.
What’s more, they point out that the 10% wealthiest Americans already foot 70% of the annual income tax bill on their own, and that increasing taxes on the “wealthy” would mean increasing taxes on the great majority of small businesses-the latter making up a large segment of Americans that the Democrats always vow to protect first and foremost along with the impoverished, and a group of people who create a lot jobs that would jeopardized if their taxes become too burdensome.
As more Americans rise into the status of “the wealthy” from middle class roots, more Americans would be targeted for tax increases, rather than more Americans (unjustly) protected from them.
The supporters of the Democratic agenda have expressed outrage at Republican Party tax cuts that favor larger businesses and the protecting of investment capital predominantly engaged in by the wealthy. However, the backers of these tax cuts insist that it is the wealthy who create most jobs and capitalization, and thus expand the economy while also contributing the most to philanthropic and charitable causes-which, critics insist, are endeavors much better practiced by individuals than by a Big Brother government.
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