Friday, December 10, 2010

Tax deals

If the tax cuts for the top 1% are continued, they will continue to drive up the deficit. Then the deficit will be used to justify cuts in Social Security.

When the Republicans enacted these tax cuts, they made them time-limited, so that they would appear to have a smaller effect on future deficits.

They claim they that they stimulate the economy by helping big business add jobs and enlarge their businesses. But they have been in effect for years, and this hasn't happened. What happened is that big business increased jobs in other countries, where pay is lower. And they invested in scams that helped bring down the economy.

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