Durbin Opposes Hundred Thousand Dollar Pay Raise For Millionaires

There are two ways to tell a story about Senator Richard Durbin‘s position on tax policy currently being discussed in the U.S. Senate. One version of the story comes from the Republicans, and takes a general tone: Senator Durbin wants to raise taxes on Americans.

Another version of this story pays attention to the details, and comes from a more progressive perspective: Senator Durbin opposes a hundred thousand dollar annual pay raise for millionaires.

This week, Senator Durbin gave a speech in which he cited a statistic calculated by the Center on Budget and Policy Priorities: If Republicans join with Barack Obama to extend George W. Bush’s tax cuts for the wealthy, people with an annual income of one million dollars would bring home an extra $104,000.00 every year, above and beyond what they already have.

In a time of record-breaking budget deficits, it’s difficult to justify the specific outcome of a pay raise of over $100,000 for millionaires. It’s easier for Republicans simply to talk in general about tax cuts, as if they apply equally to everyone.

In response to the Republican storyline about the danger of taxes, Senator Durbin had this to say: “I wish no one had to pay any taxes. Wouldn’t that be wonderful? Sign me up to say that I wish no one had to pay taxes. But the cost of this country’s governance, the building of roads, the schools, yes, the Defense Department, the payment for soldiers and weapons and so on to protect this country–all of that needs to be paid for. I hope those who decide to affix labels to various positions might well understand that to borrow a substantial portion of money to provide tax cuts when the country is up to its neck in debt is not a conservative position. It just is not.”

2 Comments

on “Durbin Opposes Hundred Thousand Dollar Pay Raise For Millionaires
2 Comments on “Durbin Opposes Hundred Thousand Dollar Pay Raise For Millionaires
  1. I do empathize with you on some level I suppose. You voted for your guy and then you find out he is a shame. We have a lot in common. I love this website. Watching the angst isn’t fun but your bubble has been burst. In much the same way that there will never be an internet stock bubble or real-estate bubble or green energy bubble again in our life times – your left wing bubble has been burst in USA. Made in USA. It is only a matter of time until Pelosi comes crashing to the floor. Think a months, a year tops. Americans are not left wing nut jobs but they do like shiny things. I say taxes the millionares. Take the BS politicans in DC. Tax Pelosi, Reid and the rest. Take em all.

  2. I do empathize with you on some level I suppose. You voted for your guy and then you find out he is a shame. We have a lot in common. I love this website. Watching the angst isn’t fun but your bubble has been burst. In much the same way that there will never be an internet stock bubble or real-estate bubble or green energy bubble again in our life times – your left wing bubble has been burst in USA. Made in USA. It is only a matter of time until Pelosi comes crashing to the floor. Think a months, a year tops. Americans are not left wing nut jobs but they do like shiny things

    I did want to ask you why you all backed away from the 250K tax bracket increase. Seems to me that today everyone is talking increasing tax for the “millionaires”. Is this an example of you coming to the middle ground? Heavens forbid.

    And what gives you the moral high ground to believe that you should take more money from one person to give it to someone else. Tax to build infrastructure, enforce regulations, build an army sure, but to give what someone has earned and just give it to someone else is not an ethical thing to do no mater what secular religion you may preach. You want to fund your religion by taxing everybody more. Not going to work.

    Tell me why my income should be taken from me and given to a self described Illegal Alien/California Democrat college student. My out of state American brothers don’t get that privilege. Why?

    As far as your base is concern I hate to break it to you but Brown Power has very little in common with you leftie. Again it was just a matter of convenience so don’t get yourself all pumped up. Everybody is out to get there handout and you guys were easy tag team partners. It is a matter of time before you are the wall flower at the dance again. Brown Power doesn’t really have that much in common with you; your belief system, pagan beliefs are not really their style, macho man.

    Does McDonalds really need more lower wage/illegal alien workers? Really? And what gives you the right to keep my kids from having a freeken happy meal if I want to get it for them. Even Calvin Screwsome figured that it was better to let the kids that don’t have no good parent eat high calorie foods for cheap. And jobs like that keep the new Democrat voters coming to America too, doesn’t it.

    You’re all ridicules.

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