The Republican plan to tax the middle class and give the rich what they want

 

The Republican candidates that are lined up for the 2012 election, just like their predecessors, stand behind the same destructive ideology. This week, former Gov. of Utah and Republican primary candidate, Jon Huntsman, rolled out his "Jobs Plan". In the plan, it included expanding free trade, taxing seniors on their Social Security benefits, eliminating any child tax credits, all while eliminating the Capital Gains tax. Huntsman’s plan calls for putting a heavy burden on the low and middle class, at the same time making it easier for the rich to pocket money. Huntsman would even tax pensions and disability benefits from Veterans. 

 

Like Huntsman, there are many other Republicans who stand by the plan to destroy the middle class and create a box of small wealthy people who run the show. In addition to Huntsman, Michele Bachmann, Newt Gingrich, Herman Cain and Ron Paul have all said they back eliminating the Capital Gains tax. Currently the Capital Gains rate is at 15%, or the same rate as a greeter at Walmart. The Capital Gains tax refers to wealth that is not in physical dollars, such as stocks, bonds and real-estate. The Republicans claim that lowering the rate will create jobs, but as they continue to lie the truth is easy to see. All that lowering the rate will do is give the rich more of an incentive to put their money in assets. The rich might by a house, a boat or put their money in a bond. If the rich do this, they will literally pay nothing in taxes, as the weight on the shoulders of the middle class becomes too much to hold up. Americans need to stand together and not let a select few take over the country completely. We are close to a take over as it is, but we simply can't let it happen if we are to survive as a nation.