Jobs and the Big Bush Tax Cut Bamboozle

Letting some of the Bush tax cuts slide won't hurt small businesses

August 13, 2010 RSS Feed Print
  • Comment (8)

But the Republican plan is an exceedingly efficient way to oblige Americans in the coming decade to pay the cost of borrowing that $830 billion so that the wealthiest Americans can enjoy another tax cut courtesy of the Republican Party. Talk about budget-busting! 

Tags:
recession,
Congress,
Orrin Hatch,
corporate taxes,
small business,
George W. Bush,
Republican Party,
Chuck Grassley,
economy,
Mitch McConnell,
taxes,
unemployment,
Barack Obama

Reader Comments Read all comments (8)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

I have been waiting since the Reagan administration for the trickle down effect to occur. Even after Recovery and Reinvestment capital they still haven't started hiring and some of the biggest benefactors of our tax dollars that were there to help them after they invested the money in the Casino on Wall Street and the other boondoggles we pulled them out of, many of them have been buying foreign verabonds instead of hiring people like the money was intended. What we have in this country is called UNLIMITED GREED. Nafta sent our jobs overseas while the big money people gave themselves bonuses for loosing all of our money. The idea that one man or company in fifty is going to trickle down enough for supply side spending to work is ridiculous. That scenario only works if everyone is working, employment increases, and the wages increase at the same rate as the cost of living increases. Businesses were firing many of their staff and trying to get one guy to do three people's work. In most cases it didn't work.

Arizona Mildman of AZ 10:43PM August 25, 2010

Oh and Reuters reported "the Obama administration expects to generate about $678 billion over 10 years" from the increase on the top two, not 830 billion.

Greg of TN 7:20PM August 23, 2010

To those that repute this article, please state facts that support you reasoning. I would like to see some, I googled the theory that small businesses make up such a high percentage of the top 2 percent when I McConnell say it, because it did not seem logical from the small business owner that I know. I could not find any facts that supported that assumption. If you have any, please share. It does sound compelling, if it's true.

A side note, coming only has one M.

Greg of TN 7:14PM August 23, 2010

advertisement

Latest Videos

Thomas Jefferson Street Blog

Poll Finds Congress' Popularity Hits Historic Lows

Polling shows Congress has achieved historic unpopularity.

House GOP 20 Week Abortion Ban Vote Was a Waste of Time

Abortion should be left up to the states.

The NSA, Guns and Privacy in the Obama Administration

The Obama administration’s needs to take a long look in the mirror after revelations about government surveillance.

Polls Show American People Hate Almost Everything About Politics

The American people are breaking up with politics.

Do You Believe NSA Leaker Edward Snowden or President Obama?

Should we take the word of the NSA leaker or Obama?

Obama, Boehner and the GOP Crisis of Leadership

It’s tough for anyone to lead when some in the GOP seem committed to their own destruction.

Obamacare Opponents Have to Keep Pushing Repeal

The way to repeal Obamacare is to hasten its ugly results.

Can Obama's Berlin Speech Match John F. Kennedy's and Ronald Reagan's?

The two famous Berlin speeches almost never were.

advertisement