On the recordNovember 30, 2011
Republicans love to talk about taxes. They like them low, we like them high--or so they would have you believe. By that logic, Republicans ought to be lining up to support our payroll tax legislation. Democrats propose we cut taxes for 160 million Americans and every single business in our country. The average American family would save about $1,500. Yet Republicans appeared out of the woodwork to oppose our plan. They do not like these particular tax cuts because they are paid for with a small, 3.25-percent surtax on people making more than $1 million a year. But we have learned that Republicans only care about keeping taxes low for a very small group of people. This small group is the richest of the rich. Here is the contrast. One side has Democrats fighting to cut taxes for 160 million Americans who make an average of less than $30,000 a year. On the other side, we have Republicans fighting to keep taxes low for fewer than 350,000 people who take home more than $3 million every year. The contrast: 160 million Americans who make an average of less than $30,000 a year; on the other side, Republicans are fighting to keep taxes low for the richest of the rich--350,000 people who make more than $3 million a year. What is worse, if Republicans get their way, if they are able to give the richest of the rich a pay increase, in effect, taxes will actually increase by about $1,000 a year for 120 million American families.…





