Wednesday, June 04, 2003

Just like WMD's the arguments for tax cuts continue to evaporate. Daniel Gross in Slate

What’s more, recent history seems to argue against a link between tweaking top marginal tax rates and income growth. The marginal tax increases on high earners by President George H.W. Bush (1990) and President Clinton (1993) didn’t hamper economic or income growth. And the marginal tax reductions of the past few years haven’t lit a fire under the economy.

Now can you tell me again why poor people and families get no benefit from this tax cut? When the money for them that you cut out makes little if any difference to the rich people that got it? This administration is sick! Sick I tell you!

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