Tax the Rich, Kill the Economy? Here’s Proof It Doesn’t Work That Way
Filed under: Economy, Taxes, Money and Politics
Republican presidential candidate Mitt Romney wants to extend the Bush tax cuts, and cut taxes even further in order to boost economic growth. In contrast, President Barack Obama argues that in order for the government to to pay its bills, we must allow the Bush tax cuts to expire (at least on the wealthy) and add surtaxes on high-income taxpayers in order.
But would cutting taxes on “job creators,” as Gov. Romney proposes, rather than raising taxes on “the rich,” as the President proposes,…
Tax the Rich, Kill the Economy? Here’s Proof It Doesn’t Work That Way originally appeared on DailyFinance.com on 2012-09-25T14:53:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/09/25/tax-the-rich-kill-the-economy-heres-proof-it-doesnt-work-tha/