Last night on CNBC, Rep. Mike Pence (R-IN) told supply-side guru and Reagan disciple Larry Kudlow that the way to get businesses to “unleash” the nearly $2 trillion in cash and assets they’re currently sitting on is to extend the Bush tax cuts for the rich and then cut marginal income tax rates even further. “C’mon, we know what works,” Pence said
If you're trying to explode the deficit and the national debt that works. If you want to increase the gap between rich and poor, that works. If you want to encourage outsourcing that works. If you want to do right by the American people, that doesn't work. This is history's verdict.
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