To the surprise of no one at all, congressional Republicans came out in fierce opposition to President Obama’s forthcoming proposal for a “Buffet tax” on people who make more than $1 million a year:

U.S. Republican leaders Sunday criticized President Barack Obama’s proposal for a new tax on millionaires, calling it “class warfare” and predicting it will face heavy opposition in Congress.

on Monday on people making more than $1 million a year as part of his recommendations to a congressional super committee seeking long-term deficit savings.

Paul Ryan, chairman of the House Budget Committee, and Mitch McConnell, Senate Republican leader, said the proposal would limit growth and hurt corporate investment in an already stagnating economy.

I must note here that many large corporations are sitting on BILLIONS of dollars in funds, whether from stimulus money or profits hoarded while wages stagnate and insurance and other benefits get clawed back.

Interestingly, the comment that alleges the tax increase amounts to class warfare, is none other than Paul Ryan, author of the plan to destroy the poor proposed budget endorsed by many Republicans that makes sweeping cuts to entitlement programs.

“It adds further instability to our system, more uncertainty and it punishes job creation and those people who create jobs,” Ryan said on Fox News Sunday. “Class warfare may make for good politics but it makes for rotten economics.”

The Republican position is made more clear in the next paragraph:

McConnell said Congress had already debated the issue last year, when Obama and Republicans hatched a compromise that extended the reduced tax rates, approved during the administration of George W. Bush, for high-earners for two years.

This is saying basically the GOP are cool with any plan that cuts taxes (or keeps taxes low) for the rich, often at the expense of God knows what else. It also shows they are NOT keen on the idea of a plan that cuts taxes for the not-so-rich while keep rates for the wealthy at a different level, because after wall, who gives a crap about the working class?

It amazing to me that despite the fact that it’s been proven again and again and again that handouts to rich people and corporations do NOT help much in the way of economic growth, the GOP keeps trying to convince us otherwise.

I support the right of companies to make money and I fully understand that no one likes to pay taxes, but we all live in this country and benefit from all it offers, therefore I see no reason why we shouldn’t all have to pay our fair share. I’m sure some people would say that makes me a socialist prick. Well, so be it.

The only way to drive down the deficit will be spending cuts combined with (Eerie dramatic music) tax increases. It’s the same principle as if you are trying to get your personal credit under control. You cut your bills as far back as you reasonably can and maybe pawn a few things or get a second job or have a yard sale to get some extra money coming in.