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What Democrats should do about taxes

Senate Majority Leader Mitch McConnell, R-Ky., right, and

Senate Majority Leader Mitch McConnell, R-Ky., right, and Senate Minority Leader Charles Schumer, D-N.Y., make their way to the Senate floor. Credit: AP / Tom Williams

Democrats need to recognize the corner they’ve been backed into and the opening for a solid counterpunch [“Call to honor taxes prepaid by 138,000+,” News, Feb. 6].

The corner is that New Deal innovations like Social Security and the minimum wage are not safety nets anymore. As such, the Democrats’ classic playbook is sorely lacking, and tax manipulation is the only remaining way to immediately put more money in more workers’ pockets.

The counterpunch is a real tax cut for workers who are struggling to make ends meet: a directly redistributive overhaul of the tax code. How would you pay for it? Raise taxes on rich investors and multinational corporations; punitively raise taxes on foreign investments, job exporters, executive bonuses and golden parachutes; tax politically active houses of worship and ruin the defiant ones with fines; and don’t ever stop calling your policy a real tax cut, because it would be a real tax cut for more than 90 percent of the population.

Contrast it with the fake tax cut and the droves of congressional Republicans fleeing its consequences, and keep hammering on the indisputable fact that most of the Democratic tax cut would be poured directly back into the economy instead of being hoarded by corporations.

Michael Oldrey, Medford