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Sunday, November 04, 2012 

Guest Blogger - Politics Plus ...preparing for the US Election

(My friend TomCat blogs in the USA at Politics Plus. As our American friends prepare to vote .. I want to share some of Tom's wisdom and perspective ....)

Trickle Down Gushed UP

The Republican Party has been feeding us the same tired line for many years now.  If we give massive tax cuts to the super-rich, they say, the super rich will create jobs, and the wealth will trickle down to everyone.  Of course the wealth has only gushed up, and what has trickled down is inequality and financial crisis.  Republicans are desperate to prevent authoritative contradictions to their lies.
The nonpartisan Congressional Research Service (CRS) issued a report in September that showed that cutting tax rates for the wealthiest Americans did not spur economic or job growth, refuting a key Republican justification for the party’s continued obsession with maintaining the tax cuts for the wealthy they passed in 2003. But when Senate Republicans aired seemingly minor complaints about it, the agency  quietly withdrew the report , even as its economic team advised it to stand firm.
The report, as ThinkProgress reported in September, found that tax cuts for the rich spurred income inequality , not economic growth. “There is not conclusive evidence, however, to substantiate a clear relationship between the 65-year steady reduction in the top tax rates and economic growth,” the report stated. “However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”
The withdrawal came after Republicans like Senate Minority Leader Mitch McConnell (KY) aired minor quibbles about language the report used that he viewed as “ politically freighted ”… [emphasis added]
Inserted from <Alternet>
That report should NEVER been withdrawn.  I don’t care how much Bought Bitch Mitch gets his panties in a bunch and snivels.  The people have a right to know!  You can read the report here.

Thanks Dawg. I always refer US folks to you for Canadian news!

Thanks Tom! You've been blogging progressively for years and it's an honor to be your friend! All the best!

I wrote this endoresment before reading your blog, but the big picture is the same, the GOP "bust out" must be stopped.

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