Examining what a tax cut for the middle class looks like.
REPUBLICANS’ PLAN IS TO GIVE MORE MONIES TO THE RICH
We all want economic growth. So let’s ask: what’s the bottleneck on growth?
Ask one of today’s republicans, and you can expect to hear a host of false-fact fantasies, such as that we would grow faster if only American companies had competitive tax rates (spoiler: they do), or if they had more money for hiring (spoiler: corporate cash is at record levels), or if they had more money for investing (spoiler: ditto), or perhaps if the rich had more money that could magically trickle down to the masses (spoiler: LOL).
But here’s reality: America’s economic growth turns on how much our companies produce, not how much wealth they accumulate.
Which raises the question: why do companies produce?
Is it the size of their corporate treasure chests? If you hand Apple a few hundred million extra dollars, will that make it…
View original post 530 more words