It is so far beyond my comprehension or understanding how unbelievably gullible almost half of America still is.
Our regressive friends are once again singing the “same old song and dance number” they’ve been singing for decades. You know the old siren song: Cut taxes for the “job creators” and it will actually increase revenues and eventually ‘trickle down’ into your savings account. The sad part is: despite all the evidence to the contrary, 40 percent of Americans still believe it’s true.
Yesterday the non-partisan Tax Policy Center released a report on the Bain, oops, I meant the Romney economic plan and it concluded the wealthiest Americans (like Mitt himself, who paid only 13.9 percent) would get very large tax cuts and to pay for them, everyone else’s taxes would have to go up significantly!
Go ahead, turn on your computer and look up private sector job and economic growth statistics for the past 80 years. Pay particular attention to the fact that both were far better under Democratic leadership and higher top tax rates than they were under tax-cutting Republican presidents.
Then look up facts on how both job and economic growth was 2.5 times higher when the top tax rate was above 70 percent than since it was cut in half to 35 percent.
Finally, please remember the net loss of private sector jobs and weak economic growth under “W” despite cutting taxes for the “job creators.”