Tax Breaks for the Ultra-wealthy Letter

Published: Wednesday, December 08, 2010, 8:02 PM

Letters to the editor  


The Republican leadership keeps talking about how the Democrats want to take away tax breaks from Americans during a recession. When pressed that it is really only the top 2 percent wealthiest Americans that the Democrats want to take tax breaks from, the Republicans start referring to these ultra-rich as the "job makers." We can't take away tax breaks from the "job makers" during a recession.

But the vast majority of these top 2 percent are not job makers; they are corporate executives, corporate attorneys, investment bankers, Wall Street moguls, real estate tycoons. These are the exact same people whose greed in great part contributed to causing this recession. Of course, the Republican leadership knows this. They are trying to protect their major supporters -- the ultra-wealthy -- and just don't care. Their irresponsibility and greed during the Bush years is what set the stage for this recession, and this is just more of the same.