GOP can’t deny support for wealthy

Republicans protect their rich benefactors while falsely accusing the president of “class warfare.” This diversion doesn’t change the fact that they ignore the president’s call for “shared sacrifice” while he attempts to restore jobs, rebuild the economy and reduce Bush’s massive budget deficits created by a decade of unfunded wars and numerous tax cuts for the wealthy 1 percent.

After GOP militants held Obama hostage on the debt-ceiling debacle and refused to compromise on the supercommittee, they are objecting to extending tax cuts for the middle class unless they are “paid for.” This is blatant hypocrisy and “class warfare” against the 99 percent.

History shows that Bush and the GOP cut taxes for the rich in 2001 and, again, in 2003, while squandering lives and treasure in futile wars, causing about a $5 trillion budget deficit. The GOP also reduced capital gains taxes to 15 percent for the Wall Street barons that made huge bonuses betting against the economy, further reducing revenue.

The GOP continues to support with tax breaks to move jobs overseas while multinational corporations balk at investing their huge profits at home to create jobs. And, in an another example of class warfare, the GOP promotes privatizing Social Security to give Wall Street more money, turn Medicare into a voucher system that penalizes retirees, repeal health care reform so we add to the 50 million Americans without coverage and cancel financial regulations to reward Wall Street for ruining the economy.

The undisputable truth is that the Republicans, despite all their denials on FOX News, support more tax cuts for the rich “job creators” and tax loopholes for oil companies, while the fading middle class faces unemployment, foreclosures, $4 a gallon gas, increasing health care costs and escalating college tuition bills for their kids.

Tom Minnerick

Elgin