Obama Tax Hikes On The “Rich”: Bad for All Americans, Especially Those Looking for Jobs
It's only 2% of small businesses they shout! What does that mean? It means who cares? They can't re-elect us anyway, the number of them is too small... ...But the number really is 8% of small businesses which is beside the point. From an economic perspective, those 8% earn 72% - nearly 3/4 of all the small business income! That's the right number to look at - not how many voters will get mad at the pols. 72% of small business income -
Economist Greg Mankiw reminds us what the experts say about the Bush tax cuts - never mind what the White House says - the experts by 70% say extend them all. This seems to be the economic policy question of the hour. It might be worth recalling that last month, the Wall Street Journal polled economists about this question. Of those who expressed an opinion, here are the results:
Democrats, Deficits, the “Middle Class” and the Bush Tax Cuts
Bush cut taxes for the rich only - that's what the eggheads surrounding the Democrat leaders would like you to think. Bush's tax cuts or better to call it his policy response response to 9-11 panic and the technology bubble bursting, resulting in 48 months, 2nd longest in history, of job growth. (see here) Also, as you will read below, if the tax cuts for the rich were so irresponsible because they were not
Forget the tax cut debate: Ask who gets to spend earned value – government or free enterprises
The expiration of the Bush tax cuts of 2001 and 2003 are a contentious issue. The problem is that the frame of the debate is wrong. Secretary of the Treasury Geithner recently said that America can't afford to renew the Bush tax cuts for the wealthiest Americans. Republicans say that the Administration is crazy to let any taxes go up in such a severe jobs recession. The question should be who gets control of income created - the government or the citizen.
