Dem platform: no more spending cuts, only tax the rich!
Talking Points Memo reports,
The Democratic Party’s 2012 platform calls for future deficit reduction to exclusively come from tax hikes on wealthy individuals and businesses, implying the party’s willingness to open negotiations with Republicans by agreeing to cut spending on social programs unconditionally is over.
“We support allowing the Bush tax cuts for the wealthiest to expire and closing loopholes and deductions for the largest corporations and the highest-earning taxpayers,” the platform reads. “We are committed to reforming our tax code so that it is fairer and simpler, creating a tax code that lives up to the Buffett Rule so no millionaire pays a smaller share of his or her income in taxes than middle class families do.”
The corollary to this message: no more spending cuts.