AP says more Democrats are reluctant to allow taxes to rise on the rich.
It is a matter of despair to me that the constituents of these Democrats don’t put their feet down on this issue. Allowing tax rates on the rich to go back to Reagan-era levels will not derail the economic recovery. What, are they going to cut back on their yacht-buying? Some heiresses seem to be sending the extra money they save on paying taxes down to Colombia for coke, which doesn’t exactly help the US economy.
And, you can’t be for fiscal discipline or for a balanced budget and also be in favor of lower taxes on the super-wealthy. This analysis made the rounds in the blogosphere, but it is worth reprinting the conclusion of the Center on Budget and Policy Priorities.
The fact is that the Bush tax cuts for the super-wealthy are the main reason for the large size of our current budget deficits, and if the cuts weren’t abolished, they would go on bankrupting government into the distant future.
A tax cut on the rich is a way of stealing from the middle class.
Their chart is eloquent. Is it that the public doesn’t know how to read it?
The tax cuts dwarf the wars and make TARP and the stimulus packages look minuscule as a source of the federal budget deficit.
So, voters, put some steel in the spines of the Democrats.
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AP – To relaunch Middle East peace talks on Thursday, the Israeli and Palestinian leaders and their American mediators quietly agreed to push aside the question of Hamas — the Islamic militant group that controls one of the two Palestinian territories and rejects negotiations.
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More than 6,000 children took part in a month-long workshop on astronomy that was organised in Abu Dhabi to encourage youngsters to learn science.
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The US Secretary of State tells the Israeli and Palestinian leaders they have the “opportunity to end this conflict” as direct peace talks begin.
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Reuters – Hamas said on Thursday its militants would keep on attacking Israelis and denounced peace talks between Israel and the West Bank-based Palestinian government due to start in Washington later in the day.
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Time.com – For President Obama’s Middle East special envoy, George Mitchell, it has taken 18 months to get the Israelis and the Palestinians to sit down for peace-process talks. Even if they go well, will he finally get credit?
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Israeli Prime Minister Benjamin Netanyahu promised Wednesday to seek a 'historic compromise' between Israelis and Palestinians that would lead to a peaceful resolution of the long-simmering Middle East conflict.
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AFP – Israeli Prime Minister Benjamin Netanyahu vowed to forge a “historic” peace with the Palestinians Wednesday, injecting cautious hope into US President Barack Obama’s long-odds Middle East talks.
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