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Sunday, November 21, 2010

Since 1900, Democratic presidents have produced a 12.3 percent annual return on the S&P 500, Republicans only 8 percent. GDP growth since 1930 is 5.4 percent for Democratic presidents and 1.6 percent for Republicans.

"Trickle-down" economics has not worked since Herbert Hoover tried it. Every dollar devoted to the middle class causes the economy to grow three times faster than a dollar for the rich, according to the Congressional Budget Office. Millionaires save more of their income gained by tax cuts. Middle-class families spend more. Lower taxes for the rich leave deficits that must be paid for by the middle class, taking the very money we'd give working families.


http://www.truth-out.org/the-great-tax-cut-debate-myths-and-facts65294

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