Democrats’ reconciliation bill solidly popular – Daily Freeman
Democrats in Congress are working on a “reconciliation” bill that would expand the generous child tax credit, provide paid family time off, subsidize community college education, expand Medicare and Medicaid benefits, and fight the climate change. It is commendable that they are proposing to pay for the legislation by raising taxes on super rich individuals and corporations.
The radical Republican Party, as one would expect, is united in opposition. Washington Post columnist Henry Olsen articulates some of the GOP’s main objections. This one, while familiar, invites skepticism: the increases “would probably accelerate migration from high-tax states to low-tax states.” Income-tax-exempt states like Wyoming and Alaska “have beautiful surroundings.” Texas and Florida promise “year round heat”.
Big-money emigrants to Wyoming and Alaska are unlikely to find many world-class museums, opera houses, theaters, stadiums, or libraries to which their honored names could be attached after generous donations. They’ll scramble to find five-star restaurants for their energy lunches with other super-rich Scions in their network, whose numbers are said to be far fewer.
Many localities in summer and fall welcome Floridians who flee their condition to escape the oppressive humidity. Texas? Anti-choice, anti-voting rights, pro-arms, secession? This culture might not be suitable for at least some billionaires, especially when they are women.
Life isn’t all about taxes for many billionaires. What about the claim that higher taxes take away their incentives to work? Most of the lives of these people have been furiously committed to making as much money as possible. Are they going to STOP because their assets have been dented a bit by higher taxes? It increases credibility.
Polls show the Democrats’ bill to be solidly popular. Americans love the idea of the wealthy super rich and corporations giving their share to improve the daily lives of parents, children, workers, students and the elderly… all of us.
Highland, New York State