Another
Bush assault
on the poor
Most Americans enjoy a relatively comfortable life
style. Those encountering financial difficulty can find assistance
from the safety net which has been established by programs of the
Democratic Party over the past several decades. The existence of
the safety net gives most Americans a high degree of confidence
about their future well being.
Because of this confidence, Republicans have been enormously successful
in diverting voters’ attention away from personal economic
issues, even while there has been a policy to tear the safety net
to shreds. Republicans plan to weaken the safety net system by destroying
its foundation — progressive taxation.
Ninety percent of the nation’s income came from taxpayers
who earned no more than $117,001. This includes both single and
joint filers. Those earning above that amount were responsible for
10 percent of the national revenue, but the distribution in that
group is by no means equal. A small group of the super rich, only
1/10 of the top one percent, 145,000 taxpayers earning more than
$1,589,608, accounted for 7.4 percent of the nation’s income
in 2002.
An imbalance in the distribution of income has developed. The Bush
tax plan is designed to let the super rich retain as much of their
wealth as possible. Contrary to his assertion that most of the tax
cuts go to low and middle income Americans, a New York Times analysis
finds that 53 percent will go to taxpayers in the top 10 percent
over the first 15 years of the cuts.
The analysis also found that the 400 richest taxpayers, those with
a minimum income of $87 million, pay the same percentage of income,
Medicare and Social Security taxes as those earning $50,000 to $75,000
per year. This disparity is unconscionable.
The Republican strategy is to reduce tax revenue so severely that
there will be insufficient funds to finance the cost of safety net
programs. It is difficult to believe that the overwhelming majority
of Republican voters who are not in the top 10 percent income bracket
fully support this strategy.
Citizens tend to vote their economic interests, especially when
they believe their welfare is at stake. With so much disinformation
bandied about over the Bush Tax Program, it is quite conceivable
that many Republicans did not realize how their interests were compromised
by the Bush policies.
However, there is a sign of hope. Bush’s assault on Social
Security has aroused opposition from some Bush supporters. Estimates
are that 17-22 percent of those who voted for Bush in 2004 oppose
his Social Security proposal and have lost faith in Wall Street.
There is more economic stress in America than is generally acknowledged.
There has been a fivefold increase in personal bankruptcies from
1980-2002. Homeowners have substantially increased their home equity
borrowing to meet financial obligations. And employers have placed
more of the cost of health care and pensions on their workers’
shoulders.
Despite these problems, Republicans have successfully diverted voters’
attention to such inane issues as “family values.” Business
Week found that white men with average incomes and minimal education
are more insistent on sustaining the safety net despite voting Republican.
This should be the target audience for Democratic strategies.
In order to prevail, Democrats must have a pro-active policy. It
is not enough merely to be “Republicans Lite.” If the
party fails to do this they might even begin to lose young African
Americans who have no personal memory of the Democrats involvement
in the Civil Rights Movement. The time is ripe. There is considerable
anger in America over the Administration’s contempt for the
poor of New Orleans and the ever-rising gasoline prices.
|
Melvin B. Miller
Editor & Publisher
Bay State Banner |