The President’s tax plan proposal makes a lot of sense in terms of what it would do for much needed growth in the economy. Most wealthy people, I am sure when faced with the tax man would rather re-invest in their companies or in some other venture than pay the U.S government and make money from the capital investments thus moving and pushing the economy along. The economy gets fed instead of the government who still gets tax revenue but in the form of payroll taxes because those capital investments made by those same wealthy people generate more growth hence jobs and it is a win win. The tax rates being proposed are nowhere near the levels that existed before President Clinton so I really don’t understand all the fuss but I guess that I am just too poor to really understand conservative economic theory. I do think that I explained it pretty well to myself actually,lol.
Read the Article at HuffingtonPost
Obama Tax Plan Framing Fairness Theme For Re-Election Campaign
30 Monday Jan 2012