SalemNews.com, Salem, MA

Opinion

October 16, 2012

Letter: Building our economy

(Continued)

Most people feel that those who are benefiting the most from our productive economy should pay the most toward keeping it strong. Instead, through the tax breaks for high-income individuals and corporations, we are directing an ever-increasing portion of the nation’s productivity into the pockets of the wealthiest Americans while our nation becomes relatively weaker for lack of public investment. In the current period, the tea party Republicans in Congress, with their no-new-taxes pledge, have enforced a moratorium on raising taxes, even on the highest incomes. The Paul Ryan budget proposal, already passed twice by the Republican-dominated House of Representatives, would give even more tax cuts to the wealthiest — including provisions that would leave Mitt Romney paying virtually no tax on his income of some millions of dollars — thereby assuring still less support for the government functions needed to build a strong America. Romney has praised the Ryan budget. Candidate Richard Tisei has praised the tea party and would most probably support the Republican position if elected. Scott Brown has joined in the no-new-taxes pledge.

Romney, Ryan, Brown and their followers are committed to a course that would assure America’s decline relative to other nations in the years ahead. President Obama and congressional Democrats are trying to go the other way and have proposed modest tax increases on higher incomes to better meet our nation’s needs.

We must stop the drive to channel ever more of our productivity into the private coffers of the wealthiest Americans to the detriment the nation’s economy. We need to elect a president and Congress who have the wisdom and courage to invest more of the nation’s productive output in the government services that will help move America forward in the years ahead.

James Davies

Beverly

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