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Thursday, June 21, 2012

Reverse Robin Hoods

TPM: A new report by Democrats on the Joint Economic Committee concludes that the GOP plan to enact large income tax cuts that disproportionately benefit top earners will be difficult to pay for by closing myriad tax loopholes — and that the loopholes that would likely have to be closed disproportionately benefit the middle class. The net result, according to Democrats, is that the Republican party’s tax plan would increase the tax burden for middle-income earners while lowering it for the wealthiest Americans.

We don't need a report to tell us that.  The Republican party has been legislating on behalf of the mega-rich and the transnational corporation at the expense of the poor and the middle class since Reagan. On the bright side though, the super rich have been creating lots of jobs... in China, and India, and a lot of other places not called the United States of America..

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