January 12, 2015
OUR REPUBLICAN DEMOCRATS:
Democrats, in a stark shift in messaging, to make big tax-break pitch for middle class (Lori Montgomery and Paul Kane, January 11, 2015, Washington Post)
Senior Democrats, dissatisfied with the party's tepid prescriptions for combating income inequality, are drafting an "action plan" that calls for a massive transfer of wealth from the super-rich and Wall Street traders to the heart of the middle class.The centerpiece of the proposal, set to be unveiled Monday by Rep. Chris Van Hollen (D-Md.), is a "paycheck bonus credit" that would shave $2,000 a year off the tax bills of couples earning less than $200,000. Other provisions would nearly triple the tax credit for child care and reward people who save at least $500 a year.
That's what it means to be a liberal Democrat at the End of History, your economic message depends on tax cuts. The party has returned to Reagan.
Posted by Orrin Judd at January 12, 2015 3:24 PM
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