Here's your tax cut for the rich at work
Let freedom ring's Talking Points Memo Blog:
What the wealthy did with their tax cuts
According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S..
Labels: How the US Economy works, How the US works, Tax Cuts Myths
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