Greenspan Opposes Keeping Bush's Tax Cuts on Wealthy
Former Federal Reserve chair Alan Greenspan has come out in favor of letting the Bush administration tax cuts for the wealthiest Americans expire. Appearing on Meet the Press, Greenspan said the tax revenue is needed to reduce the federal budget deficit. Alan Greenspan: "I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money. And, at the end of the day, that proves disastrous. And my view is I don't think we can play subtle policy here."
Neither Bush's or Reagan's tax cuts created jobs and Bush's tax cuts for the wealthiest 2% added $678 billion to the deficit. Please sign the petition to make sure these tax cuts are not extended: cut and paste dccc.org/page/s/taxcuts
MsKarenT 1 year ago
Now accepting applications for the position of chief financial bullshiter. If interested please contact the GOP at the the offices of :Who is paying us this week, K Street, Washington DC.
loci1400 1 year ago
Uh-Oh, Republicans ain't gonna wanna hear that!
lifeseeker1 1 year ago