Pay attention oh ye hand wringers:

Okay.

I’ve long felt that Bill Clinton and Obama are Corporatist Democrats who did nothing about Reaganism because plenty of well to do Liberals are every bit as greedy as Conservatives.

Since I was paying attention (as requested), I thought I'd mention the Omnibus Budget Reconciliation Act that was signed into law by Bill Clinton in August 1993, which (among other things) contained the following changes to "Reaganism" (your term):

* Created new individual tax brackets of 36% for income above $115,000 and 39.6% for income above $250,000. The top individual tax rate was previously 31% and applied to income over $51,900. [If the numbers seem small, remember they were high incomes over 30 years ago.]

* Created new corporate tax brackets:
- 35% for income $10 million to $15 million
- 38% for income $15 million to $18.33 million
- 35% for income over $18.33 million

The previous corporate tax was 34% for income above $335,000.

* The 2.9% Medicare tax cap was removed. It had previously been capped at the first $135,000 of income.

* The Alternative Minimum Tax rate was increased from 24% to tiered rates of 26% and 28%.

There's a lot more to it, but that'll do.

Every single Republican voted against the tax increases, and Vice President Al Gore had to break a tie in the Senate, but it narrowly passed and was signed into law in August 1993.

As for Obama, his raising of taxes came primarily through the passage of the "big effing deal" known as the Affordable Care Act... with the increases to excise and Medicare taxes.

While you are certainly free to refer to Clinton and Obama as "Corporatist Democrats," I promise you the corporations who bore the brunt of the tax increases would disagree.

I don't know why people forget these things. :)

The child tax credit I passed during the pandemic cut taxes for millions of working families and cut child poverty in half. Restore that child tax credit. No child should go hungry in this country.

~ Joe Biden

The opposition of every single Republican to this child tax credit lays bare the utter asinine fabrication that the GOP is "the Party of hardworking parents and families," as was claimed by Senator Psychotic Britt in her rebuttal to Biden's SOTU.

Biden is absolutely correct; this is not your father's Republican Party. The GOP now stands for Gaslighting Over Principle, and the RNC is now TNT: Trump National Takeover. I hear they've fired ~60 employees and not done yet.

Like all Presidential budgets in recent memory this is a fantasy, the difference in this case is it’s an election year and raising taxes on the rich is popular all across the political spectrum. So Joe gets some political benefit of “raising taxes on the rich” without the heavy lifting of actually doing so. Just another case of Joe being good at politics.

I’ve long felt that Bill Clinton and Obama are Corporatist Democrats who did nothing about Reaganism because plenty of well to do Liberals are every bit as greedy as Conservatives.