Thursday, March 17, 2011

Let the tax cuts expire

Let the Bush Tax cuts for the very wealthy expire.  This mantra of "you can't raise taxes in a weak economy" is total BS and is rooted in the discredited "trickle-down theory".  Giving more money to those that already have it does not feed the economy, it only feeds their bank accounts (I'm sure Morgan Stanley doesn't mind).  And I think we should always point out that this is not a tax increase, it is the end of a very generous tax break.  The tax break was supposed to stimulate the economy- it did not.  Why would we extend a failed policy?

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