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In reply to the discussion: Bill Clinton: Extend all tax cuts temporarily [View all]newspeak
(4,847 posts)the obscene tax cuts have been for over ten years-where's the jobs. After the tax cuts, what we saw with little boots was decline. We have millionaires-billionaires who are saying enough is enough. They are more than willing to pay their share. Even some of the one per centers are seeing that it's become so obscene-of course, they are more for the country than all out greed. When we had a higher tax rate, we had higher employment with decent jobs.
give tax incentives, like eisenhower did in the fifties, hiring americans. No tax cuts for those shipping jobs overseas; as well as, the money.
I'd suggest you look at the historical tax chart since the depression. what we are seeing now is absolutely nothing but greed. I'm not willing to go back to the good old greedy, corrupt robber baron days. As more people lose their decent jobs, especially those in their fifties, what the teabaggers (norquist) want to do is take away the social safety net. We need it now more than ever with the economic conditions little boots created. Respected economists have stated that we need to get the money circulating amongst the plebes. Austerity now would create even more economical damage. That's not throwing money to ones who have gotten even wealthier, including global corporations, that have seen profits over eighty percent while cutting wages. It's giving to the masses who are actually going to spend it.