The Communist Party USA is backing Barack Obama’s position on the coming fiscal cliff and claims its economic program “will unfold in the coming year” with the reelection of Obama and continued Democrat control of the U.S. Senate.
The statement came from Joelle Fishman, chairwoman of the Connecticut Communist Party, during a recent conference call on the upcoming fiscal cliff.
The conference call, titled “Don’t Bargain with People’s Lives,” featured an economic report by CPUSA national Vice-Chairman Jarvis Tanner, who said Obama’s demands in the fiscal cliff debate are exactly what the country needs.
Republicans have said any revenue increases must be accompanied by spending cuts. However, Obama has countered by saying he wants Congress to raise taxes, extend unemployment benefits beyond the current 99-week limit, pass an additional $50 billion in stimulus spending and grant him authority to raise the debt limit whenever he wants.
Tanner says the president’s position shows that unlike the Republicans, he is making a “serious proposal.”
“The real economic crisis is a depressed economy including 15 million unemployed. The Obama administration has at least made a serious proposal including ending the Bush tax cuts for the rich, extending the middle-class tax cut, a $50 billion stimulus package next year, no immediate new spending cuts, extending of unemployment insurance and increasing the debt limit,” Tanner said.
WND reported only day ago that the CPUSA called Obama’s election result “an enormous people’s victory.”
The comment was in a report to the Communist Party USA National Committee from the party’s chairman, Sam Webb.
“We meet on the heels of an enormous people’s victory. It was a long and bitterly contested battle in which the forces of inclusive democracy came out on top. The better angels of the American people spread their wings,” Webb wrote in the online report.
He said blacks, Hispanics and women worked together to defeat “racist … white people” and that it now is time for the Communist Party USA to work on the foundations established by Obama on issues regarding the environment, homosexual marriage and minorities.
“If anything the vote … is an insistent call for action on the most pressing problems facing the working class and people. That is the election’s mandate,” Webb wrote. “This was not a vote in favor of destroying social programs like Social Security, Medicare, and Medicaid; or rolling back domestic spending; or resolving the budget crisis on the people’s backs.”
Tanner went on to say that taxes need to increase even further, along with more government spending.
“Many progressives, including myself, would argue for more extensive revenue measures including higher tax rates on wealthy billionaires, closing more corporation’s and rich people’s loopholes and a financial transaction tax,” he said. “We also need a reversal of previous spending cuts and a much more extensive stimulus package, including substantial aid to city and state governments.”
Obama has suggested he may veto any bill that does not give him authority to raise the debt limit, even if it were to grant his demands for tax increases on those earning over $200,000. He also frequently has called for increased government spending as a way to create jobs.
“Investments in education, innovation and infrastructure are an essential down payment on our future,” he said in a Saturday weekly address in 2011.
The president has also called for extending the payroll tax holiday and reinstating the death tax to 2009 levels.
His demands mirror those made by Tanner, who said America’s problem is not too much spending but, rather, not enough spending.
“Rather than calling it a fiscal cliff, it is better described as an austerity bomb,” Tanner said. “It would be a disaster to withdraw between $500 billion and $700 billion of government spending from the economy in 2013.”
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