Hatch: Poor Should Help Shrink Debt
The Huffington Post reports:
Sen. Orrin Hatch (R-Utah) voted against beginning debate on a measure that would have the Senate declare the rich should share the pain of debt reduction Thursday, a day after arguing that it's the poor and middle class who need to do more.
"I hear how they're so caring for the poor and so forth," Hatch said in remarks on the Senate floor Wednesday, in reference to Democrats. "The poor need jobs! And they also need to share some of the responsibility."
Hatch's comments were aimed at a motion that passed 74 to 22 to start debating a non-binding resolution that says millionaires and billionaires should play a more meaningful role in reducing the nation's debt.
Just one Democrat, Sen. Ben Nelson (D-Neb.), voted against having the debate. Sen. Jeff Sessions (R-Ala.), who had previously called the resolution "rather pathetic," nevertheless voted to move ahead on it.
But it was Hatch whose remarks Wednesday raised the idea that the wealthy are already doing too much, even as the nation's effective tax rates are at modern lows since the Bush administration slashed rates in 2001 and 2003.