December 4, 2010
Written by Sue · Filed Under U.S.
One Response to “Tax Cut Wars: Hostage Taking, Negotiating with GOP ‘Terrorists’”
The reps don’t care about anyone but themselves
1. The reps campaigned on their ability to cut spending and balance the budget, so they should be required to make good on that pledge.
But, the Bush tax cut for the big U.S. corporations sitting on record profits, approximately $2.3 trillion in reserves, and refusing to re-invest domestically. will add an additional $700 billion to the deficit over a decade.
As for the Democrats, sound investments = deficit hike.
As for the reps, failed tax giveaway = job creation. Cut your spending for our failed spending!
There is no evidence that these tax cuts created even a single job.
“Back when Bush was pushing his tax cut packages through Congress in 2001 and 2003, supporters said the cuts (which weren’t balanced with spending reductions) would initiate an era in which the American economy would grow so robustly the nation would be running a surplus of more than $5 trillion at the scheduled expiration date. U.S. now runs a deficit of about $1.3 trillion.
In fact, the available evidence is the exact opposite:
Former President Bill Clinton left a record surplus and created 20 million jobs, despite the warning of potential economic disaster over tax increase for the wealthiest.
2. On the one hand they want to provide $700 billion in tax cuts for the wealthiest, but not pay for them. On the other hand they demand that unemployment benefits for the middle class be paid for. It’s kind of like someone on a diet ordering a Diet Coke and a Big Mac simultaneously.
Sen. Claire McCaskill (D-Mo.) said, “I’m trying to figure out how anyone can keep a straight face and say they’re for deficit reduction while they insist on a permanent tax cut for the wealthiest Americans, completely unpaid for,”
3. The rich have HAD their tax cuts the whole time, where are those jobs they supposedly are going to create with their extra wealth they have been sitting on?
A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.
4. The reps & jobs : Are they Pro-business ?
(a). Even when the economy was on the cusp of entire collapse just like Lehman Brothers ahead of the roll-out of stimulus package, it was held hostage by Audacity of Nope, and the time was running out.
Power first then said : Nope ! How do we pay for it ?, Just let him go under exactly like Lehman Brothers.
(b). It is also important to remember a small business bill that was blocked for weeks by a republican filibuster in the Senate.
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