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Poll after poll says that most Americans want to raise taxes on the rich. In one recent survey, more than two-thirds of respondents — and even a majority of Republicans! — favored higher taxes on households making more than $250,000 per year. Why are people who want to be elected president proposing the exact opposite of what the people want?
The most charitable answer is that they think lower taxes are good for the country. Reducing taxes on the rich would make them work harder, save more, and promote economic growth. This is the theory George H.W. Bush once called “voodoo economics,” and 30 years later, it’s still voodoo.
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James Kwak on “the shameless Republican race to cut rich people’s taxes.” Read more. (via theatlantic)
or maybe its because they are the population that makes more than 250,000 and they don’t want to pay more…even if they don’t get elected to office most of these congressmen make a hell of a lot more money than the average citizen.
(via quotingthecrisis)
