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| Source:MSNBC- Left-Wing economist Paul Krugman, on the Rachel Maddow Show. |
From MSNBC
One of the few times I’ve ever gotten an opportunity to agree with left-wing economist Paul Krugman on anything, is where he appeared on the Rachel Maddow Show on MSNBC to talk against the middle class tax hike, also known as the flat tax.
“Paul Krugman, Nobel Prize-winning economist and columnist for the New York Times, talks with Rachel Maddow about why flat tax proposals are a poor solution for America’s economic problems.”
Twenty years ago (and I will be nice here) you could accuse so-called Progressive Democrats (Democratic Socialists, in actuality) of being the tax hikers and not just on the wealthy, but on the middle class as well. And thanks to President Bill Clinton the Democratic Party was able to eliminate, or at least scale back that horrible stereotype, because President Clinton cut taxes for everyone and was very fiscally responsible as President.
The tax hike stereotype kept Democrats out of the White House in the 1970s and 80s. But during this presidential campaign of 2011-12, hopefully that stereotype will be switched to Neoconservative Republicans. (As I call them) As it relates to Herman Cain with his 9-9-9 flat tax and now Rick Perry’s flat tax. Because that’s exactly what a flat tax is: a middle class tax hike. Because you would be raising taxes on people paying 10-15% in Federal income taxes, to 18-20%. While people who are currently paying 28-33% in Federal income taxes, would get a tax cut.
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