The rich are getting richer. Their effective tax rate, in recent years, has  been reduced to the lowest in modern history. Nurses, teachers and firemen  actually pay a higher tax rate than some billionaires. It's no wonder the  American people are angry.
Many corporations, including General Electric and Exxon-Mobil, have made  billions in profits while using loopholes to avoid paying any federal income  taxes. We lose $100 billion every year in federal revenue from companies and  individuals who stash their wealth in tax havens off-shore like the Cayman  Islands and Bermuda. The sum of all the revenue collected by the Treasury today  totals just 14.8% of our gross domestic product, the lowest in about 50  years.
In the midst of this, Republicans in Congress have been fanatically  determined to protect the interests of the wealthy and large multinational  corporations so that they do not contribute a single penny toward deficit  reduction.
If the Republicans have their way, the entire burden of deficit reduction  will be placed on the elderly, the sick, children and working families. In the  midst of a horrendous recession that is already causing severe pain for average  Americans, this approach is morally grotesque. It's also bad economic  policy.
President Obama and the Democrats have been extremely weak in opposing these  right-wing extremist proposals. Although the United States now has the most  unequal distribution of wealth and income of any major industrialized country,  Democrats have not succeeded in getting any new revenue from those at the top of  the economic ladder to reduce the deficit.
Instead, they've handed the wealthy even more tax breaks. In December, the  House and the Senate extended President George W. Bush's tax cuts for the rich  and lowered estate tax rates for the wealthiest Americans. In April, to avoid  the Republican effort to shut down the government, they allowed $38.5 billion in  cuts to vitally important programs for working-class and middle-class  Americans.
Now, with the U.S. facing the possibility of the first default in our  nation's history, the American people find themselves forced to choose between  two congressional deficit-reduction plans. The plan by Senate Majority Leader  Harry Reid, which calls for $2.4 trillion in cuts over a 10-year period,  includes $900 billion in cuts in areas such as education, health care,  nutrition, affordable housing, child care and many other programs desperately  needed by working families and the most vulnerable.
The Senate plan appropriately calls for meaningful cuts in military spending  and ending the wars in Afghanistan and Iraq. But it does not ask the wealthiest  people in this country and the largest corporations to make any sacrifice.
The Reid plan is bad. The constantly shifting plan by House Speaker John  Boehner is much worse. His $1.2 trillion plan calls for no cuts in the wars in  Afghanistan and Iraq, and it requires a congressional committee to come up with  another $1.8 trillion in cuts within six months of passage.
Those cuts would mean drastic reductions in Social Security, Medicare and  Medicaid. What's more, Mr. Boehner's plan would reopen the debate over the debt  ceiling, which is now paralyzing Congress, just six months from now.
While all of this is going on in Washington, the American people have  consistently stated, in poll after poll, that they want wealthy individuals and  large corporations to pay their fair share of taxes. They also want bedrock  social programs like Social Security, Medicare and Medicaid to be protected. For  example, a July 14-17 
Washington Post/ABC News poll 
found that 72% of Americans believe that Americans earning  more than $250,000 a year should pay more in taxes.
In other words, Congress is now on a path to do exactly what the American  people don't want. Americans want shared sacrifice in deficit reduction.  Congress is on track to give them the exact opposite: major cuts in the most  important programs that the middle class needs and wants, and no sacrifice from  the wealthy and the powerful.
Is it any wonder, therefore, that the American people are so angry with  what's going on in Washington? I am too.
Mr. Sanders, an independent U.S. senator from Vermont, is a member of the  Senate Budget Committee and the longest serving independent in congressional  history.