Historic Tax Justice Debate LIVE!!!!

Oh how I wish that were true! But as so often is the case, the road to historically good options is paved with savvy choices about the exceedingly moderate, ultimately unacceptable options before us today.

This is the situation with the debate over the Bush Tax Cuts happening right now. President Obama is putting forward a plan (an exceedingly moderate, ultimately unacceptable as a vision of wealth distribution) to extend the Bush Tax Cuts to everyone making less than $250,000/year, and to let them expire for everyone making $250,001 and up.

Basically, taxes stay the same for the top 98%, and for the top 2% they go back up to what they were under Clinton (which is still lower than they were under Bush I, Reagan, Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower…).  This is about the least we should expect, not any sort of dream we should be fighting for.

But that doesn’t mean we shouldn’t fight – in fact, it means we really should.  It is, after all, progressive tax reform – which means a slightly less outrageous distribution of wealth.

More importantly, losing a fight even when the threshold for victory is so low does not bode well for our ability to actually create any version of the society we want.  And by contrast, winning this fight builds momentum and power towards the next step, and the step after that. Which kind of makes this a historic moment after all…

You can read a scintillating New York Times editorial on this fight here: http://www.nytimes.com/2012/07/10/opinion/a-challenge-on-middle-class-tax-cuts.html?_r=1&hp

Learn more about taxes here: costoftaxcuts.com; National Priorities Project‘s “Cost of the Cuts“.

And, if you’re so moved, audaciously sign a MoveOn.org online petition here: http://pol.moveon.org/vetobushtaxcuts/index1.html

ari

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