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January 12, 2015 9:34 AM
Democrats, in a stark shift in messaging, to make big tax-break pitch for middle class
So Rep. Chris van Hollen (D-MD), very close to the House Democratic leadership and not known as a lefty firebrand, is unveiling a rather large proposal to pay for a significant set of lower-to-middle class benefits via caps on tax breaks for the 1%, and a fee on financial transactions.
There are some other interesting provisions involving tweaks in tax writeoffs for employers who do or dont raise wages or offer training to employees, and we havent seen the whole package. But suffice it to say its one of the more frankly redistributive proposals coming from anywhere other than the Progressive Caucus in a good while, and the central prominence of the financial transaction tax makes it a direct shot at Wall Street.
Aside from a virtual endorsement by Nancy Pelosi, it may be significant that Van Hollen is formally making this proposal at the Center for American Progress, an organization generally thought to be the beating heart of Hillaryland. So expect speculation that this could be the first step towards a populist repositioning of HRC.
http://www.washingtonpost.com/business/economy/democrats-in-a-stark-shift-in-messaging-to-make-big-tax-break-pitch-for-middle-class/2015/01/11/d4438468-9999-11e4-a7ee-526210d665b4_story.html
bananas
(27,509 posts)Orrex
(63,216 posts)Why didn't they suggest this revolutionary strategy six months ago?
jwirr
(39,215 posts)up like Kansas.