There is something in the current budget negotiations that I don't understand: Why are we still listening to the "no new taxes" argument?
The people who are opposed to any/all new taxes are suggesting the nation's wealthiest create jobs, but they have no proof of that.
They want the public to ignore recent history: The 2003 Bush tax cuts were extended in late 2010. We are still facing a debt/deficit crisis, and the jobs numbers have not improved significantly.
The top earners in the US have enjoyed 8 years of Republican-approved tax breaks. The argument supporting those breaks is that top earners create jobs, but the jobs numbers are horrible. The promised job have not been created. The economy has not recovered. The debt crisis has grown.
The President yielded, and the Republican Congress passed the tax cuts they wanted last December. There has been no sign that those cuts have helped our economy. The Republican tax plan failed... again.
Why is anyone still listening to them? Their tax policy is a one trick pony, and the trick doesn't work.
I understand that these politicians won a midterm election, but they got what they wanted and it failed. Their 'no compromise' attitude is looking like willful ignorance at this point. They are not leaders worth following anymore.
1 comment:
I sort of think the jobs HAVE been created. Not in the US. They are in China, India, other develpoping countries. The elite who want tax breaks want them because those breaks benefit themselves, not because they are trying to stimulate the economy for middle and working class Americans.
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