Paul Ryan and the Republican Party want you to believe that a huge tax cut for the rich and corporations (that are run by the rich and for the rich) will lead to low unemployment.
I’m here to tell you that it just isn’t true.
Paul Ryan’s plan makes an assumption that by cutting the upper tier from 35% to 25% will result in an unemployment rate of 2.8%. Maybe, India and China will have that low of unemployment, but not here.
Despite what CBS’s show, “Undercover Boss”, will lead you to believe – rich people do not give a rat’s ass about the rest of us. They will take their tax cuts earned on the working man’s back and run. Oh, sure there are exceptions to this, but they’re few and far between. Don’t believe for one moment that allowing the rich to keep more money in their pockets will result in huge hirings.
IT JUST DOESN’T HAPPEN.
Do you know when our lowest unemployment in the last twenty years was?
It wasn’t after the last tax cuts for the rich went into effect – 2003. Those were supposed to help and, yet, unemployment remained in the 6% range.
Our lowest unemployment in twenty years was Oct. 2006 – 3.6% (not adjusted for seasonal). This was back when taxes were higher.
The Bush tax cuts never made the unemployment rate even get close to that.
And, now, the Republicans are touting a change to the tax code, taking away deductions for us middle class people – which essentially is a tax raise for us – to give a huge 10% tax cut to the all ready wealthy. And, they’re lying to us, saying this will create jobs.
Contact your representative and let them know that tax cuts for the weathy are bad for the rest of us.
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