Redistributing wealth upward

By Harold Meyerson

Which is the more redistributionist of our two parties? In recent decades, as Republicans have devoted themselves with laser-like intensity to redistributing America’s wealth and income upward, the evidence suggests the answer is the GOP.

The most obvious way Republicans have robbed from the middle to give to the rich has been the changes they wrought in the tax code—reducing income taxes for the wealthy in the Reagan and George W. Bush tax cuts, and cutting the tax rate on capital gains to less than half the rate on the top income of upper-middle-class employees.

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Harold Meyerson
Writes a weekly political and domestic affairs column and contributes to the PostPartisan blog.