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Cong. Roskam: What portrait hangs on your office wall?

In six years as IL 6th District Congressman, Peter Roskam has signed a pledge to just one person. Unfortunately, that person not only resides outside the 6th District, he resides outside the mainstream of responsible governance. I'm speaking, of course, about Grover Norquist, the GOP mastermind of maintaining ever lower tax rates for the wealthiest Americans with his Taxpayer Protection Pledge. This pledge, which should be called: "Rich Folks Taxpayer Protection at the Expense of Everyone Else Pledge" has been signed by Congressman Roskam and virtually every other GOP Congressman to demonstrate obeisance to their fabulously wealthy base as determined by Mr. Norquist. 
 
I was reminded about Roskam's pledge to Norquist after reading his latest constituent email titled: "We can solve this", concerning current bipartisan efforts to control our nation's debt. Roskam began by recognizing the electorate's overwhelming re-election of President Obama by 116 electoral and 3.5 million popular votes. But he omitted recognizing possibly the biggest single lesson of the election: the great majority of the country, roughly two thirds, want the rich to give back a portion of the trillions in undeserved and unneeded tax cuts they got from Roskam's party back in 2001 and 2003. That brings us to Mr. Norquist. This political operative, active in GOP policy development since 1968, founded the Americans for Tax Reform in 1985, and created his Taxpayer Protection Pledge as a way unifying Republican Congressmen and Senators around protecting and promoting the largest transfer of our nation's wealth in history up to GOP's wealthy base while investment in the needy, the environment, our crumbling infrastructure, education and health care system are all shortchanged.
 
In Roskam's bizarre and heartless world view, popular public support for reducing a tiny portion of upper 2%'s tax cuts is totally ignored. Instead, Roskam says we can get more tax revenue by extending the tax cuts on the wealthy for one more year. Roskam wasn't playing Rip Van Winkle these past 11 years. As the rich got their trillions in foolhardy tax breaks, and our nation's debt soared, he was not only wide awake, he was feverishly championing that policy as GOP House Chief Deputy Whip. If you read closely, you will find that Roskam twists the urgent need for more revenue from the folks engorging on the largest tax breaks in history, into this silliness: "the country is highly dissatisfied with the current tax code".
 
Just this weekend, several high profile GOP leaders, including Senators John McCain, Lindsay Graham and Congressman Peter King, publicly broke with Grover Norquist. Alas, Congressman Roskam will have a hard time breaking with the patron saint of the rich when he can neither utter his name nor mention the words: "tax rates on the rich". In some Democratic political offices you might find a portrait of FDR or John Kennedy adorning the wall. In some Republican offices it might be Abraham Lincoln or Dwight D. Eisenhower. If we could peek into Peter Roskam's House office we might not be surprised to find prominently displayed.....Grover Glenn Norquist.

Brad Rosley, CFP®

2:11 pm on Wednesday, November 28, 2012

Walt,
What is the mathematical objective of raising the tax rate on the people that earn over $250k by 2%?

BTW, JFK lowered tax rates on high wage earners and tax revenues went up and the economy did well.

Reply

Walter Bruun

8:39 am on Monday, December 3, 2012

@ Brad, the objective to increase revenue, something that is badly needed in order to address the deficits. JFK decreased the top rate to 70% (from 90%), but he also eliminated many of the loopholes only available to those wealthy people, so they actually ended up paying more in taxes, otherwise lowering tax rates without addressing loopholes reduces tax revenues. For the first time in history, our country went to war in 2001 without raising taxes to pay for it - not only did we NOT raise taxes, we CUT taxes (and added MORE loopholes benefitting wealthy individuals and businesses). Add to that a huge Medicare prescription drug benefit bill - that prohibits Medicare from negotiating prices w/suppliers (something that every health insurance company as well as the VA does in order to reduce costs) - that was also not paid for, the reduced revenue/increased spending spiraled our yearly deficits to record levels. BTW - Rep. Roskam had the chance to keep the tax cuts from the American Reinvestment and Recovery Act (the Obama Stimulus Bill), but he voted against extending those tax cuts, and thus (using the Republicans own logic) he voted to raise taxes on 95% of Americans - as this was the bottom 95% (and thus not his "base") he really didn't care, and obviously the main stream media didn't call attention to it.

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JanS

2:10 pm on Monday, December 3, 2012

How much do the rich already pay? In 2009 the top 1% paid 36% of all federal income taxes. And the bottom 50% paid only 2% of them. See: http://ntu.org/tax-basics/who-pays-income-taxes.html Furthermore, the “revenue” raised by not extending the cuts for taxpayers over $250,000 will fund the fed government for 8.5 days. This Soak the rich mantra, may make you feel good, but it will not solve any problem. In fact, why does it feel good to hurt others?

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