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ICYMI: Clinton Panders To Middle-Class Voters With Unrealistic Tax Promises

- November 29, 2015

 

Excerpts from The Washington Post

By: Editorial Board
Saturday, November 28, 2015

“If there is a social or economic need, Democratic presidential front-runner Hillary Clinton has a tax credit to match…

“When it comes to paying for these 'targeted' benefits …the former secretary of state has a clear principle: none of the 97 percent of U.S. households that earn $250,000 or less per year will be asked to contribute higher taxes.

“There is simply no way that the federal government can meet its current fiscal commitments, plus the increased demands of an aging population, and provide the new forms of middle-class relief and business tax relief Ms. Clinton promises, while tapping only the top 3 percent of earners.

“To the contrary, if the U.S. government is to do all those things and still reduce its long-term debt to a more manageable share of the total economy, middle- and upper-middle-class Americans are going to have to contribute more, not less…

“Ms. Clinton contrasts her approach with that of her chief opponent, Sen. Bernie Sanders (I-Vt.), who would enact vast new spending programs, from free state-college tuition to increased Social Security benefits, and pay for them, in part, with tax increases on the middle class…

“But the truth is there isn’t really all that much difference between Ms. Clinton’s promise to soak the top 3 percent and Mr. Sanders’s promise to get the money he needs from the 'billionaire class.' Both are selling the voters an unrealistic guarantee; both are ignoring the need for deficit reduction along with a modernized social safety net.”

Read the full editorial here.
  


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