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R i g h t a r d i a

This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.

Saturday, January 28, 2012

CBS: Newt Gingrich and Mitt Romney tax plans

Both Newt Gingrich and Mitt Romney suggest that the tax cuts they have proposed would increase federal tax revenues.

The Republican truism that tax cuts increase revenues has been flatly rejected by economists across the ideological spectrum, including Romney adviser and former George W. Bush chief economist Gregory Mankiw and several others who served in the Bush administration.

Ronald Reagan had to increase taxes 11 times to counteract the effects of his "supply sider" tax cuts.

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