In a written statement, President Obama echoed the current economic meme of tax breaks for small business owners and the middle class or tax breaks for big business as well as millionaires and billionaires. It’s definitely rhetoric, but it’s rhetoric the American people need to hear.
Last Tuesday, President Barack Obama published a written statement after his jobs plan was shot down by Senate Republicans, in which he stated that every component of the bill would be broken up into smaller legislative proposals and brought to a vote in the Senate.
Obama wrote, “[Republicans] will get a vote on whether they believe we should cut taxes for small business owners and middle-class Americans, or whether we should protect tax breaks for millionaires and billionaires.”
And while this is rhetoric, it is also the current zeitgeist in America, as evidenced most visibly by the Occupy Wall Street movement, though many Americans would agree that big business no longer needs help and that a disintegrating class of middle (and lower) income families and small business owners are strewn amidst the rubble of catastrophe that had its epicenter in the symbolic area of Wall Street, with investment banks and the New York Stock Exhange hitting the financial doomsday switch.
Middle class and small business owner tax relief is the path that not only Obama and the Democrats should be pursuing, but the Republicans as well. Right now, by every stretch of the imagination, it is the middle class and small business owners who need the tax cuts. This can no longer be denied but by people who revel in putting their hands over their ears, closing their eyes and crying, “La, la, la, la, la, la!” ad infinitum.
The evidence is everywhere: small businesses are closing down, laying off employees and generally feeling as though they’re rapidly being submerged because of an imbalance created by less available work and high taxes.
It’s time for those who’ve benefitted most (big business, banks, investors, millionaires and billionaires) in the three years since this economy was criminally imploded to shoulder the load.
The middle class and small business owners need a break—it is time.
And though this author has been highly critical of President Obama’s policies since he assumed office, from lack of action in the Justice Department following the sub-prime mortgage disaster, to a continuation of two Bush wars, at least he’s giving voice to common sense.
As Obama states, “With each vote, Members of Congress can either explain to their constituents why they’re against common-sense, bipartisan proposals to create jobs, or they can listen to the overwhelming majority of American people who are crying out for action.”
Anything less is plain bullshit.