Monday, December 3, 2012

Robert Reich's 8 progressive principles for the cliff

Reich is at it again with another concise video on what progressives need to do in the fiscal cliff debate. Below are the highlights. See the video for some elaboration.

1. Hold your ground on increased taxes for the rich.
2. No deal is better than a bad deal so go over the cliff.
3. Once over the cliff, have a vote on tax cuts for the lower and middle classes only.
4. Don't accept the regressive promise to just limit tax deductions on the wealthy.

5. Don't cut safety nets.
6. Don't cut investments on infrastructure, education and R&D.
7. Do cut the military and corporate subsidies.
8. Don't cut the budget deficit as long an unemployment remains high.

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