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View Diary: Republicans oppose extending payroll tax cut because Obama supports it (102 comments)

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  •  In fact, tax cuts on (2+ / 0-)
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    davidincleveland, Into The Woods

    low and middle-income people have a higher multiplier than tax cuts for high-income people, because lower income people actually SPEND the difference.

    "The Greek word for idiot, literally translated, means one who does not participate in politics. That sums up my conviction on the subject." Sen. Gladys Pyle (1890-1989)

    by Melanie in IA on Fri Aug 26, 2011 at 12:10:15 PM PDT

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    •  Those Already Spending All They Earn Are (0+ / 0-)

      more likely to spend an increase in available take-home pay than those already saving considerable amounts of what they make.  

      This is a consensus assumption used in fiscal and economic analysis, including that done by the CBO and Moodys in looking at the impact of previous tax cuts that were part of the Stimulus.

      Someone in a very expensive suit is at the front door and says he wants to foreclose on our democracy. Where should I tell him he can put his robosigning pen?

      by Into The Woods on Fri Aug 26, 2011 at 03:00:55 PM PDT

      [ Parent ]

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