Guest Perspective: Democratic Donors Must Support Biden’s Agenda | Hartsville
The month-long tax showdown is finally coming to an end as the majority of Congressional Democrats face a small group of their moderate colleagues in a fight for the future of the party and the country. While most Democrats advocate for popular policies like the negotiation of prescription drugs, paid vacations and taxation of the rich, the centrists have continually driven their heels into the ground, derailing negotiations and endangering the government. success of the party in the next midterm elections. They adopted the priorities of their wealthy donors and corporations over the American people, threatening to kill the president’s agenda to get their way.
Centrist Democrats have proposed an inadequate countermeasure to the $ 3.5 trillion reconciliation plan, drastically reducing key extensions of the safety net like a paid parental leave program that would align America with the rest of the developed world. extending Medicare and even eliminating the possibility of Medicare being able to negotiate the prices of prescription drugs – a long-promised Democratic policy. Moreover, the centrists continue to quibble against the price while also rejecting large tax increases on the rich who would pay for it. It makes no tax sense. The full bill can and should be paid by raising taxes on the wealthiest Americans, it would add nothing to our debt, fund a massive and critical investment in our country, and reduce inequality at the same time. It’s a win-win that every Democrat should support.
But, if these legislative hostage-takers remain opposed to tax code reform and overdue social investments, it’s time for donors like me who back the president’s agenda to take action.
It is unfortunate that our campaign finance laws have been systematically attacked and weakened over the past decade, to the point that every subsequent election since 2008 has been more expensive than the last – and there is no sign of it. slow-down. While we cannot change this faulty system overnight, it can be used to our advantage. I encourage other rich, like-minded donors to stop giving to candidates who continue to disappoint and serve corporate interests at every turn and start funding their main Democratic challengers who will support the popular will. It is high time for donors to revolt.
While some of these moderate members come from swing neighborhoods, there are a few who come from safe blue seats. House members like Richard Neal (MA-01) and Ed Case (HI-01) both hail from Democratic strongholds that are unlikely to take power from Republicans. The vast majority of the American people, Democratic voters and the President of the United States support taxing the rich to invest in our communities, so why are these two deep blue representatives so fiercely opposed? ? There is absolutely no reason for Biden’s agenda to be challenged from deep blue seats.
The Democrats have already given in to the centrists. They split the initial Build Back Better plan into a budget reconciliation bill and an infrastructure bill at the behest of Senators Manchin and Sinema, with the understanding that the two bills would be linked. But now the centrists demand more, and they will continue to do so until we draw a line in the sand and challenge them.
If the Democrats and President Biden do not keep their promises to invest in America, then the midterms of 2022 and ultimately the presidential election of 2024 will be a total wash for the Democratic Party. Democrats must make it clear that those in their ranks who are prepared to cut trillions of dollars in aid to struggling Americans in the post-COVID economy in order to preserve tax breaks for their anti-tax donors cannot be tolerated. Centrist Democrats in Congress need to live up to the present moment, not sabotage progress while pretending to support the idea of ââtax fairness.
As our society gives in to the pressure of unprecedented inequalities, it is inexcusable that the government continues to offer special tax treatment to the ultra-rich and to corporations. Our nation can easily afford a bigger tax bill to fund overdue infrastructure and safety net expansions as easily as we can afford the world’s biggest military budget. It all depends on our priorities. Do we want bombs or bridges? If we can’t get Republicans to put the needs of the American people first, we can certainly get all of those who call themselves Democrats, progressive and moderate, to do so. And if we can’t, there must be electoral consequences.
There is something fundamentally wrong when a plurality of Americans support Biden’s progressive tax agenda with a large majority of Democrats elected, yet the will of the people and a supportive legislature are still hampered by a small handful of Democrats. moderates working on behalf of their donors. Rather than come and fight with the same old tactics, let’s lead the battle against these centrists and use their own playbook against them.
Stephen Prince founded Card Marketing Services in 1993 and is Vice President of Patriotic Millionaires.