How many times have you heard some broke-ass teabagger quote this gem from memory?… “Almost 70 percent of the federal revenue is provided by the top 10 percent of taxpayers now. Between 45 percent and 50 percent of Americans pay no income tax at all.”
While we all know the trick, and we clearly see the clumsy slight of hand switcharoo mid-statement from “federal revenue” to “no income tax”, this zombie economic lie goes on and on.
How often have you heard the GOP leadership take the high ground when it comes to protecting America’s wealthy from the rapacious greed of the nation’s poor? Here is Mitch McConnell on the topic:
(CBS News) The United States tax code favors lower income Americans too much already and should be restructured to make it fairer to upper income earners, Senate Republican Leader Mitch McConnell said.
In an interview that aired on “CBS This Morning” Tuesday, the Kentucky Republican said he is ready to sit down with “this president or the next president” and have an animated discussion about the tax code to “reach a conclusion” that would bring down the ballooning U.S. deficit.
“Almost 70 percent of the federal revenue is provided by the top 10 percent of taxpayers now. Between 45 percent and 50 percent of Americans pay no income tax at all. We have an extraordinarily progressive tax code already. It is a mess and needs to be revisited again,” McConnell said in the interview, taped Monday.
It is astonishing isn’t it? With so many poor and middle class people in this country relative to the wealthy who benefit from Bush style GOP economics, you have to wonder what is going on.
The GOP has apparently won over enough middle class dunderheads who think of themselves as wealthy, and concluded that the poor will never, ever, ever, ever, push back on even the most egregiously abusive measures – that they effectively represent a majority. There is just no other explanation for the continuing to pursue the utter and complete failure known as trickle down economics.