|The new GOP economic proposal...|
On Fox News Sunday, Newt Gingrich proposed a new way to determine taxes in America - let the rich decide. Ian Millhiser wrote the following for Think Progress:
Appearing on Fox News Sunday, disgraced former House Speaker Newt Gingrich proposed an odd method for determining how long to extend the Bush tax cuts for the very wealthy — ask the very wealthy how long they want them:Basically, Gingrich believes the wealthy should decide what their taxes should be while the poor and unemployed get zero say, all because Gingrich believes these people run America and have more worth then the average American.
What Republicans ought to do is say to people who create jobs, how many years does the tax code need to be extended for you to make an investment decision? I mean, the goal’s not to have an annual extension of the current tax code, and then have every business in the country trapped saying, “I don’t know. I want to make a 20 year investment in a factory.” … There is a number, but I would have the business leadership of the country describe the number.Yet, while Gingrich is perfectly happy to let the nation’s foxes decide what to do with the henhouse, he takes a very different view of how Congress should treat the most vulnerable Americans. In practically the same breath that he proposes giving a massive tax cut to Paris Hilton, he also suggests that “we change the entire [unemployment benefits] program into a worker training program and not give anybody money for doing nothing.”
Gingrich seems to forget that this is a representatative form of government and that elected officials represent people other then the nation's wealthiest. Also, last time I checked, there are more unemployed Americans then millionaires.
Can you also believe Gingrich is considering a presidential run in 2012?