Gingrich: Give Millionaires a Leg Up!
The Palinist wing of the so-called “tea party” is just a front group for superwealthy conservatives. As further proof of that, their favored Presidential-candidate-of-the-month, Newt Gingrich, is proposing a reformation of the tax code to codify a lower marginal income tax rate on millionaires than on middle-class families earning $40 – 50,000.
It’s all part of the Republican Party’s war on the middle class, and the social safety net that Americans fought for throughout the course of the last century. A tax cut of this magnitude on the superwealthy would starve the federal government of revenue, resulting either in a fiscal crisis or massive cuts to programs like Medicaid, Medicare, food stamps, and other things on which people depend when they are elderly or in the midst of a personal financial crisis.
It’s part of an ideology that treats any public expenditure as redistributionary socialism and represents a real danger that the country slips back to conditions extant during the times of the robber barons.
Right down to Gingrich blaming America’s underclass for being poor.
Right down to Gingrich’s support for an abolition of child labor laws.