imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

Will the Democrats Tax the Rich to Avoid the Fiscal Cliff?

by Shamus Cooke Tuesday, Nov. 13, 2012 at 4:23 AM
portland@workerscompass.org

Literally the day after the election a sudden “urgency” gripped the nation: the imminent danger of the so-called “fiscal cliff” — the national automatic tax increases and spending cuts due in January. The media screamed that the suddenly approaching fiscal cliff would trigger a recession, forcing Democrats and Republicans to consider a “grand bargain” budget deal to avoid disaster.

Of course the fiscal cliff was looming throughout the presidential campaign; politicians simply agreed not to talk about it, since they shared — more or less — the same very unpopular “grand bargain” solutions: austerity cuts to Medicare, Medicaid, Social Security, and other popular social programs.

Yes, Obama talked incessantly about the rich “paying their fair share” during his campaign, but he greatly exaggerated his willingness to make this happen, as well as the real differences between the Republicans and Democrats when it came to fixing the deficit.

This fact is revealed by the pro-corporate grand bargain that Obama nearly brokered last summer to fix the fiscal cliff.

The New York Times explains:

The White House agreed to cut at least $250 billion from Medicare in the next 10 years and another $800 billion in the decade after that, in part by raising the eligibility age. The administration had endorsed another $110 billion or so in cuts to Medicaid and other health care programs, with $250 billion more in the second decade. And in a move certain to provoke rebellion in the Democratic ranks, Obama was willing to apply a new, less generous formula for calculating Social Security benefits, which would start in 2015.

There you have it. Obama was already guilty of everything he accused the Republicans of during his presidential campaign. His “tax the rich” demagoguery was mainly for show, the exact same promise he broke after the 2008 election.

Some Democrats are already preparing to help Obama break the 2012 promise. The New York Times reports:

Senator Charles E. Schumer of New York, the No. 3 Senate Democrat, extended an olive branch to Republicans, suggesting Thursday that he could accept a tax plan [to fix the deficit] that leaves the top tax rate at 35 percent [leaving the Bush tax cuts for the wealthy in place].

And although Obama has vowed to stay firm over taxing the rich (this time), his toughness is only skin deep, and comes with strings attached.

For example, Obama only wants to tax the rich enough to be able to sell the grand bargain to the American public; any grand bargain will include historic cuts to cherished national programs like Medicare, Medicaid, and Social Security, and Obama wants to avoid some of the outrage by claiming that the rich were forced to share in the “sacrifice” too.

This is the “balanced approach” to deficit cutting that Obama discusses, meaning that he wants to raise some revenue from the rich while also making gigantic cuts to social programs.

But in a society racked by gigantic inequalities, this kind of “balance” is ludicrous. The rich, the banks and other corporations have accumulated trillions of dollars that, if taxed at high enough rates, would easily make ANY cuts to social programs unnecessary.

The nation is not broke, but much of the money has floated to the top. And while Obama is striving to pass a largely symbolic “tax the rich” measure as part of his grand bargain, he’s doing so only to push forward the massive cuts.

This is the political context that makes the demands “No Cuts, Tax the Rich” incredibly necessary not only to Labor and community groups but to all working people who would be able to unify and fight these austerity cuts by organizing nationally coordinated demonstrations and putting forth the pro-worker solution of No Cuts, Tax the Rich to address the Fiscal Cliff and all future austerity budgets, whether they occur on a city, state, or national level.

AFL-CIO President Richard Trumka has already put out a call (November 7, 2012) to working people to organize and “fight like hell” to prevent any cuts to Social Security, Medicare and Medicaid.

Labor and community groups must immediately stop celebrating Obama’s election victory and quickly start mobilizing their members against his anti-worker agenda, lest they spend the next four years crying about the coming “historic betrayal.”
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Local News

Los Angeles Joins Nationwide March Against Mainstream Media #MAMSM A20 3:04PM

Has KPFK's GM Duncan just dis-appeared? A20 12:35PM

Michael Ruppert dead. A18 6:17PM

Pacifica voting in secret with no accountability? Is this part of KPFK ? A18 3:39PM

Kassim Alhimidi convicted of murder A17 8:33PM

Members of Bundy Family Explain Bundy Ranch Stand-Off With Bureau of Land Management (BLM) A17 1:03AM

Here's some interesting privatization connections in regards to the LAUSD District 1 race A15 4:25PM

Rock, Rap & Speakout vs Poverty, Prisons & War A13 3:16PM

Report Back: 4th Annual Hahamongna Walkabout A13 2:33PM

Pacifica Exe Director position is in confusion still putting KPFK at risk A10 3:52PM

Bernard Duncan, prior GM of KPFK is still in play A08 5:01PM

San Diego May Dai Workers Film Festival A06 5:11PM

Southern California Joins Worldwide Wave Of Action A05 2:31AM

Pacifica board members named here, who attempted ousting ED A04 1:06PM

LA Weekly promotes a slanted view of Pacifica/ KPFK A04 10:36AM

More Info about Pacifica, which holds KPFK's license, etc. A03 2:08PM

Listen to KPFK's staff talking to Pacifica Exe Director M29 7:31PM

Pacifica IS also KPFK, so let's not ignore what going on M29 5:42PM

Reported excerpts of Pacifica's - and that's KPFK's - incidents happening - update M29 5:14PM

Repost from Counterpunch re Pacifica - KPFK too involved M29 2:10PM

Forever intertwined: KPFK, WBAI, Gary Null ? M28 4:10PM

Why is KPFK still failing to thrive ? M28 3:32PM

GLOBAL DAY of ACTION for the Indonesian Rainforests! M27 3:06PM

Opponents of SB County Jail's Letter Ban to Share Progress, Next Steps M27 9:58AM

Pacifica Radio, Rwanda, and DR Congo M26 2:29PM

International Multicultural Literary Magazine Features Armenia in Spring Issue M25 11:14AM

Why is KPFK still failing to thrive ? M24 9:10PM

Home-less-free occupying is not a free ride either M24 8:46PM

More Local News...

Other/Breaking News

Kropotkin Prison A21 4:58AM

The Earth a Common Treasury for All A21 3:38AM

Kiev Breaks Easter Truce A21 12:44AM

Unacceptable State-Sponsored Murder A21 12:43AM

"Believing without Seeing" A20 4:13PM

Trolling ...what is that ? A20 1:01PM

Canada Targets Russia A20 11:45AM

Russia Bashing Continues A20 12:45AM

Koch Brothers-Style Free Society A20 12:43AM

Arythmie du capital A19 5:33AM

Dissent within after article, Profound Arrogance at UN. A19 4:20AM

Dissent within after article, Profound Arrogance at UN. A19 3:25AM

Kiev Violates Four-Party Agreement A19 12:50AM

Fake Donetsk Letter Circulating A19 12:49AM

Dissent within after article, Profound Arrogance at UN. A18 7:43PM

Flashback to 2003: "Major combat in Iraq is over, U.S. warns rogue Syria" A18 11:40AM

Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case A18 10:28AM

The Shortwave Report 04/18/14 Listen Globally! A17 4:50PM

Four-Party Agreement on Ukraine A17 1:35PM

An Event for All Musicians... and Bring Your Dad for FREE! A17 11:08AM

LION ARK ROARS AND THE AUDIENCE PURRS: RESCUE DOCUMENTARY PICKS UP SIXTH AWARD A17 11:03AM

Ukraine on the Brink A17 12:39AM

More NATO Forces for Eastern Europe A17 12:36AM

Obama Heads for War in Ukraine A16 12:44AM

Israel Seeks Regional Anti-Iranian Alliance A16 12:39AM

Duplicitous Human Rights Misinformation on Ukraine A15 12:12PM

The Augean Stables Of US Justice From Prosecutors To Supreme Court A15 9:21AM

Paraphysique des droites A15 8:51AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy