Republicans argue that the rich need a tax break in order to invest in the country, but they are already sitting on $2 trillion in capital, and their investments of late have tended toward commodities (gold, silver, oil) and foreign investment, which makes them more money but does not generate many US jobs.
On Mon, Apr 18, 2011 at 12:53 PM, Vivec <[email protected]> wrote: > > There was never a question of extending tax cuts for those with > earnings under 250,000. > The issue is in not taxing those at 250,000+ at the normal rate. > > So the idea was that you get the benefits of this 2000 that you quote, > PLUS the increased taxes from the wealthy. > > On 18 April 2011 15:46, Sam <[email protected]> wrote: >> >> This confuses me: >> >> Thanks to the tax cut extension passed last year, struggling Americans >> will get to keep a few thousand dollars that otherwise would have gone >> to the government. A family making between $50,000 and $75,000, for >> instance, saves just over $2,000 on average, according to the >> non-partisan Tax Policy Center. From a broad economic perspective, >> that's money Americans can spend on themselves, theoretically boosting >> demand, stimulating business activity and generally helping promote a >> recovery. >> >> I read: >> The government needs the money more. >> So they won't have to make cuts to the budget. >> But, what did happen makes more sense. >> >> Am I close? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336405 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
