Thursday, January 17, 2008

Erc Cantor (R-VA) sponsoring bill to lower Corporate taxes

...and he's named the bill the "Middle Class Job Protection Act"even though it does nothing for the Middle Class. These Republicans keep trying to beat this dead horse to death.

According to Think Progress:

At a press conference today unveiling the stimulus proposal, Rep. Michele Bachmann (R-MN) justified the conservative plan to give tax breaks to corporations — instead of working Americans — by arguing that people actually like working long hours:

I am so proud to be from the state of Minnesota. We’re the workingest state in the country, and the reason why we are, we have more people that are working longer hours, we have people that are working two jobs.

Bachmann’s version of the American Dream is apparently working two full-time jobs and struggling to get by.

Yesterday, the nonpartisan Congressional Budget Office concluded that corporate tax cuts, such as the one proposed by Cantor, "may be less cost-effective in the short term" and less effective than a stimulus plan consisting of “tax rebates, extended unemployment benefits and a temporary increase in food stamps.”

No comments: