“They are right.”

Barry and Mitch, working together for their constituency, and you ain't in it! Credit: Newscom

From the New York Times this morning:

  • At least a quarter of the tax savings will go to the wealthiest 1 percent of the population.
  • The wealthiest Americans will also reap tax savings from the proposal’s plan to keep the cap on dividend and capital gains taxes at 15 percent, well below the highest rates on ordinary income.
  • And negotiators have agreed that the estimated $900 billion cost of the cuts will simply be added to the deficit…
  • In fact, the only groups likely to face a tax increase are those near the bottom of the income scale — individuals who make less than $20,000 and families with earnings below $40,00.

From Nobody represents the American people by Michael Lind, in Salon:

The basic outlines of American economic policy and foreign policy remain the same, even as Congress and the White House change hands. The changes promised by progressive Democrats and Tea Party Republicans are quickly discarded after the elections.

The changes that do take place are often the opposite of those that majorities of Americans want. Most Americans want Social Security to be strengthened and American manufacturing protected. But the conversation among elites inside the Beltway-New York bubble is about cutting Social Security and more one-sided “free trade” deals with mercantilist nations that, unlike the U.S., protect and promote their domestic industries.

Many Americans have come to the conclusion that nobody represents them in Washington anymore. They are right.

PS And on that one tiny sliver of something that might, in a pinch, be called progressive, the “extension” of unemployment benefits, another case of false, or at least deceptive advertising:

Just to be clear, the “extension of the unemployment benefits” is an extension of the qualifying dates for the various tiers of benefits, and not additional weeks of benefits. There is no additional help for the so-called “99ers”.

You’re welcome. And Merry Christmas.

“They are right.”

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