Sunday, August 7, 2011

Taxes & Jobs

The following recent letter to the LSJ expresses my sentiments exactly:
Question for Speaker Boehner:
"The Bush tax cuts have just had their 10th birhtday, and acording to the conservative Washington Post, have cost us over $2.8 trillion. These tax cuts have benefited the top one percent, or a Boehner and his allies like to call them, 'the job creators.'
Speaker Boehner, I ask you, 'Where are the jobs?' "
signed, John Bethell, Grand Ledge MI

If low taxes for the rich were going to do the task, they should have worked by now! The fact is that our corporatons have huge cash reserves that they are not investing in plant and equipment, but rather buying up each other. Increasing their cash piles even more will do little for jobs. We have been sold a slogan despite the facts.

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