Washington has a clear choice: tax cuts for the richest Americans or create 12 million new jobs in this country, according to Heather McGee, director of Washington DC’s office of Demos (a nonpartisan public policy group). Demos will be releasing the results of a study on this very subject within weeks.
Republicans know how bad the unemployment news is in America, they caused most of the problems which led to massive outsourcing and rewarded those corporations with tax cuts to boot.
Now the Republicans are insisting that the election results last Tuesday means that Americans want tax cuts for the wealthiest Americans, when nothing could be farther from the truth.
In an interview tonight on MSNBC’s Countdown (minus Keith Olbermann), McGee went on to disclose:
“I think it's a really strong move obviously for President Obama and the democrats to continue to push for the middle class tax cuts that were really their signature achievement in tax policy since Obama became President. Not that many people know this, actually President Obama gave the middle class the single largest tax cut in American history, during the recovery act.
Democrats really need to be pushing the Republicans to justify tax cuts for wealthiest Americans at a time of massive unemployment.”
The republicans keep saying they're willing to borrow $700 billion (this fiscal year alone) to lower taxes for the top 3% because it will create jobs. Once you're willing to borrow $700 billion aren't there more effective ways to use it to create jobs?
Demos and McGee seem to think so.
“Absolutely. We know, in fact, tax cuts cost the U.S. more than they create in economic activity. We're going to be issuing a report in a few weeks (Demos is) that talks about what it would cost to directly put the American people, out of a job through no fault of their own, back to work. You can get 12 million people back to work in this country for the $700 billion a year that the Bush tax cuts for the wealthiest Americans would cost. I mean, if you frame it that way, I don't see how that's not a winning solution for the President and Democrats."
See the entire interview below.
It is really a no-brainer even thick headed Mitch McConnell and Mr. Boehner could figure out - should they abandon their unjustified dedication toward the RICH and actually do the right thing for America. What do you think?
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