Legal Commentary

Fighting For The Rich: GOP Tax Cuts For Wealthy Increases Deficit By $36B

By Big Tent Democrat

WaPo:

A Republican plan to extend tax cuts for the rich would add more than $36 billion to the federal deficit next year -- and transfer the bulk of that cash into the pockets of the nation's millionaires, according to a congressional analysis released Wednesday.

If you think the deficit is the major issue facing the country, you should oppose this idea.

If you think the federal government needs to spend money to stimulate the economy, this tax cut for millionaires is a very bad idea. Sending the money to state governments so they don't fire policeman, firemen and teachers is the most effective stimulus.

The only reason to support this tax cut for millionaires is if you are in the business of fighting for millionaires - in other words, if you are a Republican.

Speaking for me only

Full post as published by TalkLeft on August 12, 2010 (boomark / email).