President Obama's proposal to raise taxes on the top 0.1 percent — that's 1 percent of the top 1 percent — to give tax breaks to the middle class was quickly denounced by Republicans as "counterproductive."
He'll unveil his plan public in Tuesday's State of the Union Address but the opposition wasted no time in letting him know it is a non-starter.
Presidential hopeful Sen. Marco Rubio (R-Florida) said it would be penalizing the most productive members of society. "The notion … that in order for some people to do better, someone has to do worse is just not true. Raising taxes on people that are successful is not going to make people that are struggling more successful."
It's hard to see how asking the richest of the richest to help those who aren’t as wealthy is a penalty or stifling, but they're expected to be among the biggest political contributors in the 2016 congressional and presidential races and need to be coddled.
Asking Republicans to raise taxes, especially on their political base, the one percent of the one percent, is like serving pork at a Chabad House.
Meanwhile conservatives in Congress are once again calling for a balanced budget amendment to the Constitution. That's a fraud.
If they want a balanced budget they've got more than enough votes in both the House and Senate to pass it today. Or they could pass a law mandating a balanced budget. But they won't.
Politicians love to talk about the need for responsible stewardship of the taxpayers' money and the need to balance the budget but they don't do anything about it. Instead, they're fighting hard to protect and expand spending for the interests of their constituents and contributors while demanding everyone else make the sacrifices and take the cuts in their stead.
Once they begin drafting these amendments the first thing they'll do is carve out loopholes.
Why don't they just quit talking about it and pass a balanced budget? Because they prefer the issue over the responsibility.