The title quote is from Kevin Drum’s commentary on Paul Krugman’s latest column about the conservative resistance to not extending the portion of former Pres. George W. Bush’s tax cuts that go to the wealthy:
There really is, literally, no reason to favor extending Bush tax cuts for the rich except purely as a gift to the rich. As the Tax Policy Center chart below shows, the million-dollar crowd would get a 3.3% income boost and the ten-million-dollar crowd would get a 5.8% boost in their incomes. And the deficit would increase by the better part of a trillion dollars. That’s it. That’s all that would happen if the top end cuts were extended.I sure wish there were a political movement that cared as much about the $50,000 crowd as the conservative movement does about the million-plus crowd. I wonder what we’d call it?
Maybe the 1950s?
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