tax cuts

Conservative state lawmakers across the country have been pushing fiscal agendas that slash income tax rates, sometimes paying for them by scaling back popular tax breaks. The controversial logic: that high tax rates discourage entrepreneurs from investing and growing the economy, ultimately depressing tax revenues while also convincing people to move from higher-taxing states to lower-taxing ones.

For more than 10 years, Republicans have argued that tax cuts pay for themselves by growing the economy and increasing tax reciepts. Now, MSNBC's Rachel Maddow shows that Republicans are suddenly realizing that tax cuts are actually expensive, and the math behind the Bush Tax Cuts was fiscally irresponsible.

In case the public weren't frustrated enough over Congress' failure to resolve the "fiscal cliff," consider this: lawmakers probably could enact a compromise quickly and easily if Republican leaders let Democrats provide most of the votes.

After a hard-fought and divisive election year, it’s time to rebuild America’s middle class — but to do it we need to make sure the lessons from this campaign stick.

Mitt Romney has actually taken President Obama's side on this issue recently saying, President Obama hasn't raised taxes at all, but he add, he will in his next term. But what Romney admitted is contrary to what Republicans have been telling their followers all along.
Here is the CNBC article regarding the claim President Obama has been saying on the campaign trail, that he cut taxes 18 times for small businesses.

In what appears to be a depressing pattern of behavior, Senators Richard Shelby & Jefferson Beauregard Sessions, III once again voted to protect the super rich at the expense of the rest of us.