Tuesday, August 24, 2010

tax cuts good for economy?

The Republicans justify their desire to continue the Bush tax cuts for the wealthiest 2 percent of the population by saying it will stimulate the economy and promote more jobs.

Haven't these cuts been in effect since 2002?

So how have they helped stimulate the economy and jobs over the last eight years? Haven't we just gone through the worst recession since the Great Depression during this same time?

All they have done is raise the income of the same wealthiest people and cost the jobs, income and homes of many lower- and middle-income workers. This is what we can expect if the Republicans increase their influence in Congress.

Vernon Wong
Waipahu

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note: see voodoo economics

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