Thursday, December 1, 2011

Mitch: "Silly Democrats, Tax Cuts are Only for the Rich"

The republicans in DC have now voted NO twice on extending the payroll tax holiday which would be funded by a small tax on income over a million dollars.  Mitch "Number one priority is to defeat Obama" McConnel had this to say about the payroll tax holiday bill:
  We just think we shouldn’t be punishing job creators to pay for it. The Democrats can say they just want some people to pay a little bit more to cover this or that dubious proposal. Think about that. The Democrats’ response to the jobs crisis we’re in right now is to raise taxes on those who create jobs. This isn’t just counterproductive. It’s absurd.
What is absurd is Mitch McConnel.  The Bush tax cuts have been in place for almost a decade and there are no jobs.  The republicans have controlled the house for over a year and have passed zero jobs bills.  It's absurd that  republicans are still mouthing the same old "job creators" lie.  Millionaires do not create jobs, consumers create jobs, if nobody has any money, it doesn't matter how good your product is, it won't sell.  An entrepreneur who has developed over 20 companies wrote a wonderful op-ed for business week, which is a great common sense read in a sea of republican lies. 
Bloombergs Businessweek: "Raise Taxes on Rich to Reward True Job Creators: Nick Hanauer"
Consider, for example, that a puny 3 percent surtax on incomes above $1 million would be enough to maintain and expand the current payroll tax cut beyond December, preventing a $1,000 increase on the average worker’s taxes at the worst possible time for the economy. With a few more pennies on the dollar, we could invest in rebuilding schools and infrastructure. And even if we imposed a millionaires’ surtax and rolled back the Bush- era tax cuts for those at the top, the taxes on the richest Americans would still be historically low, and their incomes would still be astronomically high. We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.
Republicans, malleable to the wants of the few and immune to the needs of the many. 
Tell the Republicans to extend the payroll tax holiday
Enhanced by Zemanta

No comments:

Post a Comment