Where Are the Jobs?
In the last federal budget cycle, Republicans demanded, and got, the extension of the Bush tax cuts for those making more than $250,000 a year. The theory was that there would be more jobs as a result, the old trickle- down approach. Well, where are the jobs?
Job growth has declined, but Republicans still want no increase in taxes on the wealthy and big corporations while forcing cuts in teacher, firefighter, police and other civil servants’ positions.
Taxes on the wealthy haven’t been this low since the Eisenhower administration. Meanwhile, we move closer to default.
In our own families, when we want to reduce debt, we reduce our spending and get other income by getting second jobs, etc. That’s what our country must do. It can’t be all one-sided. We must add revenue. Tax hikes on the wealthiest Americans and spending cuts are both needed.
How many castles and jets do the rich need?
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