The so-called “Gang of Six” deficit reduction proposal is not the “shared sacrifice” its backers claim the plan contains, says AFL-CIO President Richard Trumka:
Both parties keep telling us that deficit reduction requires “tough choices” and “shared sacrifice” and “taking on sacred cows.” But then we keep seeing bipartisan support for plans like the so-called “Gang of Six” that cut Social Security benefits, kill jobs, give tax incentives for corporations to export good jobs overseas, tax health benefits and lower tax rates for billionaires and corporations. There’s no shared sacrifice here.
Trumka says “the only sacred cows being gored” are working people, the middle class, seniors and the poor. While tax cuts for the wealthy are well spelled out, says Trumka:
There is nothing here for working people. We need to keep asking our leaders: “Who got us into this mess?” It wasn’t working people. The people who got us into this mess are getting off scot-free, and this Gang of Six proposal shows they have accomplices in both parties. Read more by clicking here.