Dangerous Policies

Dick Morris and Eilleen Gann are aghast at some of Obama's dangerous tax policies. The dangerous part about the plan seems to be the part where it's a tax cut for the middle class and working class.

Obama's plan - he'd give all couples a $1,000 refundable tax credit and all single people $500 - would funnel more than $50 billion to the lowest half of the country, thereby completely wiping out their total federal tax liability. In most cases, it would trigger a "refund" welfare check.

In one stroke, this would transform the majority of voters from taxpayers into tax eaters - and leave an increasingly small minority to pay the bill. Whether or not this is good economics, it is very dangerous politics.

Essentially, it would put those who actually pay the taxes that fund our government into much the same situation as landlords in New York City - hopelessly outvoted by their tenants, who use their political clout to limit rents and landlords' profits.

Yeah my heart bleeds for the wealthy in America. I mean it's not like they don't have plenty of other ways to influence elections, by say Campaign Contributions or running for office themselves (most office holders will continue to come from the wealthy in America).

The real problem is that this plan will expose to the American Middle and Working class that the interests of the Republican party are not their own. The Republicans (and to be fair, most Democrats) work for the Corporations not the People; opposing a bill that will put money in the pockets of the working and middle class will reveal that, whatever the rhetoric is.

It's clear that this bill is dangerous. To Republicans.