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Politics
: PR WatchWill Cutting Taxes for the Rich Really Create Jobs?
By Brendan Fischer
The White House and many Congressional Democrats recently caved to Republicans in a deal extending all of the Bush tax cuts for two years in exchange for a 13-month extension of unemployment benefits. The deal reverses stated opposition by many Democrats to an extension of tax cuts for the top income bracket, with 25% of the savings from the deal going to benefit the richest 1% of Americans. While Democrats who supported the bill claimed to do so begrudgingly, the plan has many avid supporters who justify its lopsided benefits by insisting that tax cuts for the rich and for businesses create jobs and benefit the economy. This is a big myth.
Full post as published by PR Watch on December 18, 2010 (boomark / email).
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