Tax Breaks Aren’t Stimulating
Republicans are against the stimulus bill. Why? Because it is “wasteful government spending.” Anyone see the utter irony in that? During the last eight years they have presided over the most prolific spending spree and largest increase in the national debt in our nations history. Tax cuts for big business and the rich, tax rebates for people who buy HUMMERS(!), etc… Now we need to spend money to save jobs. Not the fat cat executive jobs, but middle class jobs. And what does the Grand old Party say? “Nope. That is wasteful spending, and we are the party of fiscal responsibility. Give some more tax breaks to big business and they will make the jobs for us.” One problem (well there is a whole host of them, but here is an obvious one), tax breaks don’t really do much for a business (or peaople) when there isn’t much money coming in.
Contrary to what the right wants you to think, we are probably not going to spend enough on the stimulus. In an attempt to woo republican congressmen it has been stacked nearly half way with tax cuts. Most economists say tax cuts get you approximately ZERO bang for your buck. But we still put the tax cuts in there to appease the irrational elephant. And surprise surprise, they are still against it. They say screw the infrastructure spending we need more tax cuts. They complain about lack of bipartisanship, when nearly half the bill follows what they want. And every time they claim to worry about saddling our children with the bill I’d like to ask: Who is picking up the bill for the last eight years and two wars?
They must have missed the last two elections. We voted against their failed policies. And I for one believe that they have gotten much more then they deserve in this stimulus bill.
#1 by Jackie on March 5th, 2009 - 9:04 pm
I couldn’t agree more. Thanks for posting this!