repealing or keeping bush tax cuts
I can't believe that McLaughlin had the bush tax cuts and whether or not they should be kept or left to expire, which means that the different income level rates will go up. It's obvious that congress will not allow the tax rates for the lower income americans to increase, but what about the rich?
First, it's hard to understand why are people still arguing that tax cuts are going to create "growth" in the economy, when it did just the opposite. It ran up deficits and eventually contributed to the economic meltdown. It's just truly amazing to me that people with a straight face are proposing that we keep doing it while saying they are creating jobs. It's one of the most amazing jobs of hypnotism that I have ever seen. How easy to forget the past, but such a recent past?
Those are ignore history are doomed to repeat it. And it seems likely that's what we are getting ready to do. I do believe that things are so tight with people in what is considered to be lower income that additional taxes would be a detriment. But this argument that the rich shouldn't be taxed anymore because this is the money that they would be spending on creating jobs is a bunch of bull. It's the corporations which are "flush with cash" as the media says, that can create jobs. And now that they have inflicted some serious damage to Obama, they ought to feel a little more safe spending some of that money on hiring.