Quote:
Originally Posted by Sly
How would tax cuts for the not rich create jobs, but tax cuts for the rich not create jobs?
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Because tax cuts for the "not rich" get spent within US borders, which bolsters demand, which creates jobs. Tax cuts for the "rich" though get spend outside of the US, on new factories in China or India, or wherever.
Quote:
Originally Posted by Sly
The argument... forever... has been that tax cuts for the rich does not create jobs. Now he is saying the opposite. Political pressure aside... that's a pretty big change in stance.
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Agreed. He's done a 180 on what his stance was 2 years ago. He's caved to pressure. Pretty sad, actually.
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