{"id":7944,"date":"2015-01-21T15:56:14","date_gmt":"2015-01-21T15:56:14","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=7944"},"modified":"2015-01-21T15:56:14","modified_gmt":"2015-01-21T15:56:14","slug":"transfer-of-wealth-talk-likely-to-surface","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=7944","title":{"rendered":"'Transfer of wealth' talk likely to surface"},"content":{"rendered":"\n
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Can we now discuss one of President Obama’s key points in his State of the Union speech?<\/p>\n

It’s about that tax cut for the middle class.<\/p>\n

He took considerable pain Tuesday night to extol the virtues of middle-class Americans and the work they do to make our country strong economically. He wants to give middle classers — folks like my wife and me — a break on their taxes. To pay for it he wants to ask more of wealthy Americans. They need to pay more in taxes to finance the tax relief he’s planning for the rest of us.<\/p>\n

http:\/\/www.msn.com\/en-us\/news\/politics\/republicans-have-one-word-for-president%e2%80%99s-proposals-and-veto-threats-%e2%80%98no%e2%80%99\/ar-AA8pnAq<\/p>\n

Those on the right and far right have a term for it. We’ll hear it. It’s called “transfer of wealth.”<\/p>\n

Let’s try to set the record straight.<\/p>\n

As I understand the meaning of the term “transfer of wealth,” what would have to occur is that the federal government would have to actually take money earned by rich folks and give it to not-so-rich folks. Legend has it that Robin Hood did that in medieval England when he “took from the rich and gave to the poor.”<\/p>\n

That’s wealth transfer.<\/p>\n

What I heard the president propose Tuesday night was nothing of the kind.<\/p>\n

A tax cut for the middle class wouldn’t deprive rich Americans of their wealth. They’d still be rich. They’ll get to keep their yachts, fancy cars, summer\/winter homes and all their bling.<\/p>\n

The middle class would get to pocket a little more disposable income to spend on things they<\/em> want or need.<\/p>\n

All this being said,\u00a0I do understand GOP criticism of the president for proposing\u00a0something he knows<\/em> won’t ever be enacted into legislation he can sign into law. On\u00a0that score, Barack Obama has proved his political deftness, as his proposal was\u00a0met in the congressional chamber with applause from Democrats and silence from Republicans. How do you suppose that looks to millions of middle-class Americans watching who actually favor a tax break?<\/p>\n

I don’t intend to tolerate any demagoguery about wealth transfer in describing what\u00a0the president has pitched.<\/p>\n

How about debating the proposal on its merits: Do the folks who control Congress favor a tax break for middle-class Americans or not?<\/p>\n

 <\/p>\n\n

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Can we now discuss one of President Obama’s key points in his State of the Union speech? It’s about that tax cut for the middle class. He took considerable pain Tuesday night to extol the virtues of middle-class Americans and the work they do to make our country strong economically. He wants to give middle … Continue reading 'Transfer of wealth' talk likely to surface<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,13,14],"tags":[540,849,1112,1941,3054,4518,5213,5214],"class_list":["post-7944","post","type-post","status-publish","format-standard","hentry","category-business-news","category-national-news","category-political-news","tag-barack-obama","tag-capitol-hill","tag-congress","tag-gop","tag-middle-class-americans","tag-tax-breaks","tag-wealth-transfer","tag-wealthy-americans"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7944"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/7944\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}