poster
Senior Member
In an attempt to make it sound like the idea is a progressive one by freezing taxes paid by low earners, it is actually a very bad idea that handcuffs progressive initiative. Some might say that It would appear Nancy Pelosi is doing her job at pleasing her corporate contributors by basically providing neoliberals on the right and *cough* left veto power. Good one, Nance!
https://www.commondreams.org/news/2...osi-pushes-tax-rule-would-kneecap-progressive
According to a list of Democratic proposals obtained by the Washington Post, House Minority Leader Nancy Pelosi (D-Calif.)—who is currently fighting back against efforts to prevent her from becoming House Speaker—is pushing for a rule that would "require a three-fifths supermajority to raise individual income taxes on the lowest-earning 80 percent of taxpayers."
In response, MoveOn.org called the proposal "a staggeringly bad idea."
Though the proposed rule is framed as an effort to protect the financial well-being of middle-class Americans, Eric Levitz of New York Magazine pointed out that "while progressives are committed to increasing the discretionary income of the bottom 80 percent, that does not necessarily mean keeping their tax rates frozen at historically low levels."
"A bill that required those households to pay a new, smaller monthly sum to the government—so as to fund a single-payer system that would actually reduce their cost of living by delivering radically cheaper healthcare services—could hardly be called regressive," Levitz notes. "And the same can be said for legislation establishing universal child care, paid family leave, or any other program aimed at easing the middle class's financial burdens."
https://www.commondreams.org/news/2...osi-pushes-tax-rule-would-kneecap-progressive
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