If you are like me, you're probably weary of the ongoing debate about extending the Bush-era tax cuts for another year. That would push any real decision on tax policies out past the current election cycle.
Let's take a quick look at one of the arguments about extending these cuts. One party says these cuts are absolutely necessary for the wealthy, because it is the wealthy who create jobs. Really?
The other party wants to increase taxes on the rich, so that they pay more. The rationale seems to be: they earn more, so they should pay more.
Now, these tax cuts went into law in 2001 and 2003, were extended in 2005 and several times afterwards. They were supposed to sunset in 2010. They were extended twice since the sunset clause was thrown out. And now we have both parties want to keep them in place for another year.
So, we have a disconnect between wanting to put more money in the pockets of the rich, who are supposed to be creating jobs so the unemployed can find these new jobs and add to the tax pool, and the real fact that jobs are not being created by individuals. They are created by corporations. Oh wait, I forget. Corporations are people. Well, dang. There goes that argument. But, the current debate is not about reducing corporate tax structures but about keeping tax rates low on the rich.
I'm not rich. I'm not poor. I'm middle class, part of the 99% club. I have friends that are searching for jobs. They don't want a hand out. They want to work. They don't want to see the rich piling up what could be tax money in their personal accounts.
Corporations are sitting on piles of money. They are unwilling to spend, because they don't see any buyers for their goods and services. Without people out there with money to buy the goods and services, we won't see much of an economic recovery. We'll continue pushing out tax cuts and deepening the deficit. And the vicious circle goes ever on and on.
We can't have it both ways. Either we accept the fact that tax cuts have not shown benefits in creating jobs or we don't. Either we face the fact that tax cuts in general add to the deficit or we don't. Either we accept that we pander to the political climate and push bad policies in order to get elected or re-elected or we don't.
Regardless of how this plays out, I have some questions. Are you finding it easier to find work because the tax cuts on the rich are creating jobs? Are the jobs popping up all over the place? Is the jobless rate tumbling below 8%? Are you part of rebuilding the economy through employment and paying your taxes? Probably not.
So, let me close with this last question: How are the current tax cuts working for ya?
Political mewsings, thoughts about life, occasionally snarky comments and cranky ideas from a former angry white chick. And an occasional comment from Mocha the kitty. Cogito ergo sum. Sum ergo cogito. Check out my book, Mad Max Unintended Consequences, on Amazon (http://amzn.to/16wZr4d )
Showing posts with label Unemployment. Show all posts
Showing posts with label Unemployment. Show all posts
Thursday, July 19, 2012
Monday, January 10, 2011
Theater of the Absurd

You all know I'm a news and political junkie. I watched some of the opening of Congress and loved the theater of reading the Constitution. I did bother me that one person was so ill-informed that s/he didn't know two pages were stuck together, but I chalked it up to plain ignorance. Maybe reading the Constitution will help some.
Then, there is the non-debate over repeal of the health care bill. Oh, sorry, the Obama Job Killing Health Care Act. Two paragraphs that offer nothing to replace flawed law. Repeal would take away help for seniors in closing the donut hole, would drop everyone older than 21 from a parental health plan and would kick children with pre-existing conditions back into health care limbo.
That's what this is all about. Drama. No plan. Just pandering to part of the populace. And it's only theater. It'll play in the House, not in the Senate, not even in Peoria.
I got to thinking about plans and programs. No one seems to have a plan on how to fix anything. I do. I have an idea on how to fix the problem with the 99ers, those people who've been out of work for more than 99 weeks and who are drawing unemployment insurance.
I want each of us who have a job to adopt a 99er. That 99er would move into my house, where I would supply room and board. The 99er would have chores and tasks and one more year to find a job. Any job. Any where. No more unemployment insurance during the adoption period. No food stamps. No drain on the Federal budget.
Yes, it would be a drain on my budget, but no one in Congress gives a damn about my budget. After all, it doesn't have a debt limit. My budget would be my problem, not the government's problem. I would provide a clean, well lighted place to live, the same food my husband and I eat and encouragement to apply for and get a job.
Simple solution. As easy as when I proposed we solve two problems with one program: we feed the homeless to the hungry. But that wasn't well received. Somehow, I don't think "adopt a 99er" will be well received either.
At least I have a damned idea.
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