Tuesday, December 4, 2012
© Copyright 2015
The experts who predicted landslide victory for Romney were in shock and unable to accept or explain Obama’s decisive victory. They are analyzing voting stats of various groups and have been giving advice on how to win this or that group. They are not considering the group responsible for Obama’s victory — the middle class, which Romney and his party had ignored. Romney was trying to convince voters that giving a 20 percent tax cut and similar amount of spending cut was good for the country. But the middle class saw through it, that the tax cut would primarily help the wealthy and eliminating deductions would mostly hurt them.
On the other hand, Obama reached out to the middle class, showed he cares for them and is willing to raise taxes on the wealthy while protecting the middle class tax cut. He was able to convince the middle class that Romney didn’t care about them. Even little reminders, like Romney wants to “kill Big Bird” made a strong emotional connection with the middle class.
The Republicans appear to be so concerned about the plight of the wealthy that they are determined to oppose any tax hike for the wealthy while more than willing to eliminate deductions, like home mortgage, that mostly help the middle class. They propose to eliminate “loopholes” to raise revenue so that they can further lower tax rates, but never identify which loopholes should be closed.
Even after the election, Obama continues to focus on the middle class by repeatedly stating that he is ready to sign the bill extending the tax cut for the middle class as soon as Republican-controlled Congress passes it. The GOP continues to oppose any increase in tax rate on the top 2 percent, showing little concern for the 98 percent, which only distances them further from the middle class.
SURENDRA N. PANDEY, Ph.D.