Monday, September 19, 2011

So Helpful: AFL-CIO Offers 'Progressive Tax Revenue Proposals'

In the real world, a place the AFL-CIO hasn't lived in in decades, we call these tax increases. But when you've got your greedy paws on may wallets and want to squeeze more money out for pie-in-the-sky spending schemes, you call them progressive tax revenue proposals. They just never learn, do they?
The AFL-CIO is proposing a number of tax hikes and healthcare policy reforms, along with drawing troops down in Afghanistan and Iraq, to help bring down the national deficit.

In a memo sent to reporters Monday, Alison Omens, the labor federation’s director of media outreach, says the AFL-CIO will be urging members of Congress this October to help get Americans back to work, including passing $140 billion in funds for rebuilding the nation’s infrastructure and aiding state governments as proposed by President Obama in his American Jobs Act.
I didn't realize it was the job of labor unions to offer advice on the military. Then again, top thug Jimmy Hoffa did say he had an army ready to fight back against those evil tea partiers.
In addition, healthcare costs can be brought under control without cutting benefits, according to the AFL-CIO. They propose establishing a government-run insurance program known as “the public option,” which they estimate could save $88 billion over 10 years; allowing prescription drugs to be re-imported, saving $11 billion over 10 years; and having Medicare negotiate drug prices, saving $200 billion over 10 years, among their suggestions.

Calling them “progressive tax revenue proposals,” the AFL-CIO also recommends a number of tax hikes on the wealthy and the financial services sector to pare down the debt. That would include a financial transactions tax, saving more than $1 trillion over 10 years; a millionaires’ surtax, saving more than $400 billion over 10 years; and taxing capital gains as ordinary income, equaling savings of more than $168 billion over 10 years, among their proposals.
Notice how they call tax hikes savings. They sure won't be saving any jobs when they keep hiking rates on those evil millionaires. You know, the employers that do the hiring.

Obama, of course, is talking the same nonsense with his latest tax schemes.


James Hlavac said...

What's amazing is that all these plans call for "reducing" the deficit $1.5 trillion over 10 years; so that would be $150 billion a year. What then of the other $1.4 trillion in deficit spending each year for the next 10 years? The problem is $1.5 trillion a YEAR, not over 10 years. It's sad to see this sort of mush, just so sad.

Richard Butler said...

Obama and the dems - bought and paid for by Soros and the unions. So why shouldn't they make policy?