Friday, October 31, 2008

Tax cuts (continued)

I just read some more tax cut nonsense at and I wanted to remind people that this tax cut nonsense is a fake issue that the Republicans have been championing for years. It's great for those making millions of dollars and it hurt those making tens of thousands of dollars. In exchange for their new yacht your children lose their after school programs or the bridges go without vital repairs.

I tried to explain my biggest issue with tax cuts in this election cycle at and we'll see if the comments show up, but just in case they don't here they are:

The problem with all this nonsense about “wealthy people getting taxcuts and creating jobs” is that just because a big corporation or a wealthy individual has some extra money is no guarantee that they will invest in labor (american) or infrastructure. Given the downturn in the economy they might realize that no one in the bottom 95% of workers can afford their goods so they won’t need to hire any more employees or expand any operations. If the 95% gets more money back though, they will spend it on essential goods and services and boost the national economy. Companies expand because there is a demand for their goods or services, not just because they got a tax cut.

No comments:

Post a Comment

Copyright © by All rights reserved.