Mostly with Democratic votes, the Republican-controlled House of Representatives on Tuesday voted for what the Obama Administration said was “the most progressive income tax code in decades.” It was Karl Marx who called for a “heavy progressive or graduated income tax” system in order to redistribute the wealth and establish a socialist state.
The bill was brought to the floor by Republican House Speaker John Boehner, who voted for it, without a spending cut amendment. He says he will seek “entitlement reform and pro-growth tax reform” sometime later this year.
The vote in favor of passage of the tax increase bill was 257-167, with 85 Republicans joining 172 Democrats in the affirmative. A total of 151 Republicans and 16 Democrats voted against.
The liberal media will scoff at the idea that the House voted for Marxism. But a classic John Chamberlain article in The Freeman notes that Karl Marx and Frederick Engels, in the Communist Manifesto, had advocated a heavy progressive tax as a means of despoiling the “bourgeoisie” and “softening middle class society up for the dictatorship of the proletariat.” Marx understood how class envy and jealousy could serve as the basis for the seizure and maintenance of political power.
Scottish economist Ramsay McCulloch said in 1845: “The moment you abandon . . . the cardinal principle of exacting from all individuals the same proportion of their income or their property, you are at sea without rudder or compass and there is no amount of injustice or folly you may not commit.”
That principle is tax equity. As noted by Chamberlain, “a rich man would pay more taxes than a poor man, naturally. But every dollar of assessed property value, or of income, or of spending, would be taxed in equal amount, at flat percentage rates. Dollars would be treated equally, no matter who owned them, or spent them. Thus the citizens would be accorded the ‘equal protection of the laws’ — and their ‘privileges and immunities’ would be equal, as provided for in the United States Constitution. Any other way of treating taxation was regarded as discriminatory, or as putting penalties on ability, ambition, and success.”
Obama and his administration understand precisely what they have achieved and, more importantly, what they forced 85 House Republicans, including Speaker John Boehner, to accept. An Obama administration “fact sheet” declared that “for the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.” The left-leaning Politico trumpets the news: “GOP anti-tax policy goes over the cliff.”
Not only do we now have “the most progressive income tax code in decades”, but the bill that is now law does not include an extension of the payroll tax “holiday.” This means about $1,000 a year for an average worker.
In a story titled “Bigger Tax Bite for Most Under Fiscal Pact,” the New York Times confirms that about 77 percent of households would pay a larger share of income to the federal government this year and that the legislation is expected to reduce economic growth by as much as 1 percent in the first quarter of 2013.
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