General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Democrats Message on Purposed Tax Cuts:
We gave the upper 1% trillions of dollars in tax cuts under George W. Bush. So where were all the jobs that were supposed to have trickled down to rest of us? We've tried this approach numerous times and IT NEVER WORKS!
Maybe it's time for the rich to pay their fare share for a change!
Gothmog
(176,722 posts)unblock
(56,077 posts)Roughly speaking, cut taxes 10% (from 39.6% to 35% is actually *more* than a 10% cut) and you need the economy to grow by about 10% to break even.
That's really nuts, no one seriously thinks a tax cut like that would boost the economy by more than one single percent at most. 10% is just crazy.
Think about it, are there really investments the size of one tenth of the entire economy waiting to be made that aren't because the top rate is 39.6%, but suddenly it all would happen at 35%??
