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Thursday, September 27, 2012

Run For President of China Then

Think Progress:  In recent years, Republicans have taken to calling uber-wealthy Americans “job creators” to justify holding the government hostage to protect their low tax rates. Less than a week after GOP presidential nominee Mitt Romney released his tax returns and revealed his 14.1 percent rate — far lower than any president’s since Richard Nixon — Ryan used a local interview to revive the job creator myth.

Romney saved $1.2 million in taxes thanks to a preference that allows investment income, known as capital gains, to be taxed at a lower rate than wage income. Ryan told Cincinnati’s WLWT that paying such a low rate was justified because low capital gains rates boost job creation:
RYAN: Point number two is this money creates jobs. When people invest in riskier propositions, meaning invest in businesses, they don’t know if they’re going to succeed or not. So you want to have more capital that goes to more businesses, especially small businesses like this one, so more people can go back to work. That creates economic growth. You know what we learned about Mitt Romney in his tax returns? He’s a successful businessman. That’s a good thing.
He's right, Rmoney has created a lot of jobs... in China, and in India, and in Bangledesh, but here at home he's been a God-damn-national-disaster. 

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