The Republicans are pushing a tax plan that will keep the tax cuts for the top incomes and possibly cut them more. This is supposed to encourage job growth for lower- and middle-income Americans.
What I don’t understand is the rich have had tax cuts since President Bush’s administration, yet during that time we experienced the most significant recession since the Depression of the 1930s.
The Obama administration has made slow but consistent steps toward recovery. Obama has had to fight Republicans whose agenda has been to thwart Obama’s presidency, and damn the economy! Using arcane legislative rules they have stopped every significant change that would have helped this economy.
During the Obama administration, the rich are amassing huge profits in the trillions of dollars. The Republicans claim that taxing the rich will stop growth and kill jobs. What big business has done is make big profits with a desperate workforce. That has lead to reductions in the workforce.
The evidence is the rich do not use profits for creating jobs. The rich move their money to offshore accounts and expand their business in countries with little protection for their workers and cheap wages.
Where are the jobs? They are in India and China, right where the rich want them.