tap4154
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- #41
The right wing goons said if we "don't raise taxes on the job creators", they will trickle down and create countless jobs. We already tried that and they don't "trickle down", only throw the funds in their already mountain sized pile of cash stashed away in offshore bank account.
Nice, lame, lefty talking point, with NO basis in reality. When upper income folks, many of them small and large business owners, are taxed less, the invest, hire and consume much more. This creates economic activity, jobs, and larger tax base, and increase revenue.
When tax rates go up THAT is when rich folks begin moving more money and jobs offshore.
I'm a self-employed contractor, and when those folks keep more of their money, my business picks up so I earn more, then I spend more which helps others.
Supply-side DOES work, every time.
It's a fact.
It's a 100% fact.
Under Reagan "trickle down", all we got was massive debt
Under Bush "trickle down", all we got was massive debt
Under Clinton "everyone pays their fair share" we got the most booming economy and largest surplus in US history.
Under W "trickle down on steroids" all we got was insane debt.
It's been proven time and time again that right wing fiscal plans have never, and will never work.
Clinton benefited from the tech/internet boom and hosing bubble building. When the economy is booming, you can raise tax rates, and no one complains.
But BO has created more national debt in 4 years than Bush did in 8, with 911, the tech bust, and energy meltdown! The Bush tax cuts kept is from going into a depression.