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View Diary: John Boehner launches campaign for Speaker (179 comments)

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  •  More Tax Cuts??? (1+ / 0-)
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    coffejoe

    Republicans are still laboring under the fallacy that lowering taxes actually raises revenue. The rich just don't spend the money fast enough to do anything for the economy.  It will be worse in the future as it seems that banks, cooperations, and the super rich are in a hording mode. I am not that bright when it comes to business or finance but has this ever worked.  If you just look at the tax revenues after the Bush tax cuts, revenues fell and didn't recover to pre-cut levels for 3 years and now is biggest contributer to our current debt.

    Patriotism is the last refuge of a scoundrel. - Samuel Johnson

    by tkwasny on Tue Aug 24, 2010 at 09:36:27 AM PDT

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