Why do Republicans champion Tax cuts for the rich?
Republicans have been championing tax cuts for the rich for the span of my life. Regan did it and drove the economy into the ground. Bush did it to much the same (albeit with a bit more gusto) result. Bush had a net gain of about 4 million jobs in eight years during his administration, and also created the largest federal deficit since the end of WW2. Bill Clinton RAISED taxes on the rich and as a result 15-23 million (depending on the source you reference) jobs were created and the federal deficit became a surplus for the first time since the end of the 60's.
Asked By: Wandering Mind - 10/27/2010
Best Answer - Chosen by Asker
The republicans champion "Tax cuts for the rich" because we want to help the poor... More
Answered By: Home-School-produces-winners - 10/27/2010
Additional Answers (7)
This is not the time to be raising taxes. It is the time to be shrinking the government.
Answered By: Shovel Ready - 10/27/2010
Gee, let me think.... OH, could it be because the rich are the ones paying the overwhelming majority of the taxes? How about the fact that such tax cuts also apply to small businesses, which are responsible for creating most of our jobs? But no, you don't care about facts, do you? You'd rather just go along with... More
Answered By: Alex - 10/27/2010
Make it up as you go along. They are rich. Wait...I mean they are trailer trash....wait I mean they are uneducated....wait I mean they are heavily invested in stock and running businesses... More
Answered By: Commander McBragg - 10/27/2010
The republicans have always supported the very rich and the religious.
Answered By: Tina - 10/27/2010
The Bush tax cuts gave money back to over 100 million working Americans, are you saying that anyone that has a job is now considered rich? Your figures just like most liberals lie. Reagan and his policies brought us back from the double digit inflation and unemployment of the Carter years. And I strongly doubt that 15... More
Answered By: smsmith500 - 10/27/2010
Bill Clinton had a Republican Congress. He also had the internet boom, the peace dividend and corrupt companies such as Enron which inflated its earnings and paid more taxes so the CEOs could see higher stock prices. Clinton also saw 4 of his 8 years in recession (two at the start and two at the end). That increased... More
Answered By: gregory_dittman - 10/27/2010
Reagan did not drive the economy into the ground. Reagan cut them to a fair amount of 50% initially. Then he further cut taxes down to 35%. 70% was too high, and even "socialist" Krugman agrees they were too high at 70%. However, they do run us to the ground... More
Answered By: Brandon S - 10/29/2010
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