January 26, 2015

GOP Cannot Outbid Dems for the Middle Class

Lawrence Kudlow: “[A]ccording to the Tax Policy Center, the top 1 percent of Americans paid 33.4 percent of their expanded cash income in federal taxes in 2014. Meanwhile, Americans in the middle 20 percent paid only 13.7 percent of their income in federal taxes, while the poorest paid 3.1 percent. You’d think a good class warrior such as Obama would like these numbers. Apparently not. Why? He wants more money for government spending. A partial list includes more spending on childcare, sick leave, equal pay, lower mortgage premiums, a higher minimum wage, student-debt forgiveness, tax credits and free community college. Some say this could wind up costing $500 billion. So there’s a lesson here for congressional Republicans and some of my fellow conservatives: Do not get sucked into this class-war politics. You will never outbid the Democrats on middle-class benefits. And take a cue from Ronald Reagan, who rejected class politics and argued that his policies would increase prosperity for all Americans. Inequality in the U.S. is millionaires whining and crying they’re not billionaires.”

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