Don’t give up hard-won ground

Created
Mon, 20/02/2023 - 02:30
Updated
Mon, 20/02/2023 - 02:30
From the founding, the loudest “believers” never did Josh Marshall finds the Times framing on “fixing” the social safety net wanting: Social Security is not broken. Or bankrupt. Or whatever other doomsaying framing its longtime enemies deploy to trick the public into thinking so. “In about a dozen years,” Marshall tweets, “it will likely require additional revenue – not even that much. When the pentagon needs more revenue we don’t know it’s broken. There are very straightforward ways to provide that revenue – mostly tied to raising or eliminating the cap on payroll taxes. Not complicated.” Nobel Prize-winning economist Paul Krugman concurs, Marshall continues. “There are no macroeconomic problems with just adding the additional revenue. None. It’s just whether you think it matters or not or whether tax cuts are more important.” What’s the issue with raising (or eliminating) the cap on payroll taxes? Marshall adds, “It’s a significant hike on anyone who makes much over 250k a year. If you make 5 million in a year it’s a big deal. So some wealthy people aren’t excited about it.” And we know which squeaky wheels get their policies passed while others go wanting. Heather Cox Richardson is on a similar topic, that of the Joe Biden’s SOTU callout of the GOP’s targeting social safety net programs (In particular, Florida Sen. Rick Scott’s “Plan to Rescue America” that incudes sunsetting all federal laws automatically after five years. Plus, with the GOP refusing to issue its own budget, it’s not clear what…