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Friday, July 3, 2009

The Republican Tax Program

Republican Supply Side economics work this way. You cut taxes for the affluent and corporations and the country goes into debt. There are no revenues to fund domestic programs that repair roads, fix bridges, or improve levees.

Although these tax cuts for the affluent are supposed to create jobs, it didn't work out that way in the Bush Administration. Under George W. Bush employment increased by 0.59 per cent.  President Bush came in dead last in job creation, even falling behind his dad's dismal record of 0.60 per cent.

source: http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=04&year=2008&base_name=bush_was_riding_high_on_claims

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