7 Ways Sequestration Will Sock the Middle Class

From In These Times:  http://inthesetimes.com/article/14653/republicans_indulge_the_rich_in_sequestration_deals/

Once again, the GOP strips funds from the neediest to pad their own wallets.

BY Leo Gerard, United Steelworkers President
February 26, 2013

Last week, President Obama described the sequestration situation in simple, stark terms: Keep it in place and punch the middle class in the gut. Or, he suggested, soften the blow substantially by ending special tax breaks for the rich.

Here’s what he said:

Republicans in Congress face a simple choice. Are they willing to compromise to protect vital investments in education and healthcare and national security and all the jobs that depend on them? Or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest Americans and biggest corporations?

President Obama is recommending reducing the pain of sequestration by raising revenue. This could be accomplished by eliminating cushy deals that the rich and corporations have bought for themselves over the years with lobbyist dough.

Specifically, it breaks down like this:

  1. Do Republicans want to evict 70,000 low income children from Head Start to ensure that the nation’s largest corporation, GE, which is massively profitable, continues to pay no taxes and instead demands rebates from the American people?
  2. Do Republicans want to furlough 750,000 civilians employed by the Army to ensure that one of the richest men in the world, Warren Buffett, can continue paying a lower tax rate than his secretary, a situation that Buffett has described as unconscionable?
  3. Do Republicans want to slash $550 million from the FBI, hindering response to cyber and terrorist attacks after the equivalent of 7,000 workers are furloughed each day just to ensure that corporations can continue to get tax breaks when they offshore jobs?
  4. Do Republicans want to end treatment for 373,000 seriously mentally ill adults and severely emotionally disturbed children just to ensure that the 1 percent continue to receive tax breaks for their corporate jetsyachts and golf carts?

Continue reading at:  http://inthesetimes.com/article/14653/republicans_indulge_the_rich_in_sequestration_deals/

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