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According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S.
We need to stop giving the rich tax breaks. They are not helping anyone else but themselves.
According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S.
We need to stop giving the rich tax breaks. They are not helping anyone else but themselves.
Yes regressive tax cuts only ships money out of the US to foreign tax heavens rather than in to its economy trickle down economic is one of the greatests scams ever.
Middle class and working class houshold tend to spend most of the money they get from tax cuts and thus help to create consumer demand while wealthy people who already have alot of money saves most of it if not all of the windfalls they aquire trough tax cuts and they do it in foreign tax heavens.
According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S.
We need to stop giving the rich tax breaks. They are not helping anyone else but themselves.
Oh, is that what tax cuts are for to help others? lol!!
And if so then what are the people who arn't wealthy doing with their tax cuts? Giving it to charity?? lol.
Your post makes absoultely no sense.
You obviously have no understanding of our economy.
Oh, is that what tax cuts are for to help others? lol!!
And if so then what are the people who arn't wealthy doing with their tax cuts? Giving it to charity?? lol.
Your post makes absoultely no sense.
You obviously have no understanding of our economy.
People who arnt rich spend the money they get in tax cuts and thus help to create consumer demand whiles wealthy people who already have alot of money save the money they get in tax cuts so regressive tax cuts targeted att the wealthiest is detrimental for consumer spending and demand.
According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S.
We need to stop giving the rich tax breaks. They are not helping anyone else but themselves.
The reason those investment dollars went elsewhere is because we overtax and over regulate business here at the same time our highly unionized and less than highly motivated workforce price us out of the market.
There is foreign tax heavens for rich people to put their tax cuts money in rather than spend it in the US economy middle class and working class households however do not have accsess to foreign tax heavens and thus they spend the money coming in from tax cuts and contribute more to the domestic US economy through conumer spending and increased demand.
You thought the Republican Tax cuts were designed to help the middle and working Americans. Sure the were. The heart of the Republican Party has been owned by the aristocratic money class since Taft. The Republicans are only using the red neck bible belters to get their votes for nothing.
So Steve Jobs, Bill Gates,George Soros, and others like them are Republicans Hmm go figure Typical liberal using sterotypes to get across a meaningless point
You thought the Republican Tax cuts were designed to help the middle and working Americans. Sure the were. The heart of the Republican Party has been owned by the aristocratic money class since Taft. The Republicans are only using the red neck bible belters to get their votes for nothing.
Well put. How anyone could defend keeping tax cuts for the richest of the rich is either an idiot or brainwashed.
Why don't we just tax the rich at 70% and be done with it?
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