It’s no surprise to people in the reality-based world–you know, the people who look at facts–that most corporate tax cuts are not going to create jobs. All that bleating from the bi-partisan chorus that fawns over the “job creators” (read; overpaid corporate executives) and never met a corporate tax break it didn’t like (especially tax breaks that oil up those campaign contributions…looking at you, Steny Hoyer) ignores the reality that the promised jobs, in return for tax cuts, just don’t materialize–not to mention jobs that pay a decent wage.
In a way, I’m not sure this is news, in that Republicans shilling for big corporations and the very wealthy is not new but old (and throw in the clutch of Democrats who are willing shills for that scam). But, there it is: the Dave Camp shell game that, at the end of the day, will be a $1.7 trillion tax give away to the very wealthy and corporations.
With one hand, he giveth a few dollars to the people, and with the other hand, he showers huge corporations with a tax gift that is astounding in its…audacity? That’s how I suggest you can look at the president’s executive order to pay more workers overtime (a good thing) versus his budget proposal to…pay attention now..CUT corporate tax rates.
Yesterday, I wrote about a report that basically said it’s a myth that tax cuts are a huge boon to the economy. Well, there’s actually a second part to that.
So, as we gather steam towards Tax Day, let’s keep up this drumbeat: tax cuts don’t help the economy. Or, at least, there isn’t the evidence to prove they do. So, says the Congressional Research Service.
I’ve never been a fan of the New York governor. I guess it was subtle when I coined him “the poodle for the rich”. And so, no surprise, he’s giving out goodies again.
One of the enduring feats that always amazes me is the way in which liars, fools and manipulators, who are proven to be such, still manage to occupy some space in the public debate and rise from the dead. You remember Arthur Laffer, the man who peddled the phony and discredited “Laffer curve” arguing for lower taxes? Well, he’s baaccck…with another pile of manure to sell.
Right after the now-infamous debate (or, exchange of sounds bites), I wrote a bit about the fallacy of the exchange on taxes. Just a quick clean up here to underscore an important point — both candidates support, in one form or another, extending some or all of the Bush tax cuts. And that is sheer lunacy.
You’ve heard repeated as if it’s gospel: tax cuts boost economic growth. Except there has never been any evidence to back up what has to be seen as middle-ages alchemy divorced from reality. And here are some facts to prove it.
Let’s see. You’re an editorial board member of the vaunted New York Times. You get paid a lot. Is there at least an expectation that you get your facts …