Joe Kristan reports that the United State’s Senate voted to repeal the new 1099 law yesterday:
The Senate yesterday voted to repeal the expansion of information reportingcontained in last year’s Obamacare legislation. It’s looking more and more likely that this widely-hated expansion of information reporting will never happen.
More interestingly, however, is Joe’s notice of our favorite progressive tax law professor’s take on the repeal:
Linda Beale explains what’s really going on:
I’m more and more convinced that it is not the deficit that the Republicans hollering for “entitlement reform” care about–it is that they just simply want to destroy all of the things that the New Deal did to provide a safety net for ordinary people, while making sure that they reinstate brute-force capitalism like existed in the 1920s, back when Teddy Roosevelt made his famous statement about the corporate titans and malefactors of great wealth.
Yes, the repeal of the 1099 expansion passed in 2010 is just a slippery step away from repealing Social Security and reintroducing the bonded servitude that Teddy Roosevelt battled heroically in the 1920s, after his death in 1919.
Professor Beale has, once again, regaled us with one of her paranoid, anti-capitalist conspiracy-theory rants which is wholly unsupported by even a single fact.
But, while we’re engaging in ad hominem attacks that lack an evidentiary basis, I shall gladly add my own hyperbole to the mix:
I’m more and more convinced that progressives like Linda Beale don’t really care about stimulating the economy and reducing the deficit, but instead want to destroy anyone who is more successful than they are.
I have said this on these pages many times before and it bears repeating now: Progressives are not happy when the boats of the poor and the middle class are lifted, but only when the boats of the rich (the job creators) are sunk.