Joe Biden recently made a pitch at a campaign rally for progressive taxation by affirming that the wealthiest Americans should pay their fair share once again. This comes after eight years of Bush administration tax cuts that have disproportionately favored the rich.
These cuts have come at a time when we are running a deficit, conducting two wars and are deeply in debt to Asian banks. In addition, we're now bailing out Wall Street as a result of misguided deregulation policies. Can we afford all this? How do we justify continued tax cuts for the most affluent and major corporations, including those that ship American jobs overseas? Of course, these policies are favored by John McCain.
When told at a campaign rally that those earning over $250,000 were concerned about paying higher taxes, as seen in the video above, Biden correctly said that they should "be patriotic." Indeed, those who have the most discretionary income and who benefit the most from our economic system should pay their fair, higher share. Mention this to a Republican and you'll be accused of conducting "class warfare"–as if fighting against the minimum wage, weakening organized labor, resisting universal health care and establishing regressive tax policies, all hallmarks of the past eight years, aren't class warfare.
In the following video, Biden said that he and Barack Obama "want to take money and put it back in the pocket of middle class people." One must also bear in mind that Obama's tax cut, GOP mythology to the contrary, does benefit the middle class more than McCain's (see my post, 9/18/08).
You'd never know all this from listening to Sarah Palin, who follows Biden in the video, with her simplistic, blanket assertions that the Obama campaign simply wants to "raise taxes." Once again, she stands for a campaign that is hoodwinking the public: