Thursday, July 21, 2011
Question Of The Day
From Thom Hartmann
The American people have spoken – and it’s time Republicans AND Democrats listen. According to a new ABC/Washington Post poll – 62% of Americans want to see a balanced approach to raising the debt-limit that includes both spending cuts and revenue raisers. And when it comes to what sort of revenue raisers the American people want to see – the Republicans’ heads are about to explode. A whopping 72% of Americans support raising taxes on people who make more than $250,000 a year.
Only 27% oppose.
Not only that – large majorities of Americans also support: raising the Social Security tax cap – closing the hedge fund manager tax loophole – and cutting off taxpayer subsidies for big oil corporations.
So why is it that President Obama is supporting the Gang of 6 plan that includes none of these reforms – and instead cuts $1,300 a year out of Social Security checks – and further lowers taxes for millionaires, billionaires, and corporations?