One Pagers

Trickle Down Double Down

June 21, 2011 8:53 am ET

When Americans need jobs the most, Republicans in Washington and across the country are banking on the same old trickle down economic policies -- at yesterday's Chamber of Commerce Governors Summit, Republican politicians touted their plans to slash corporate taxes, even though that didn't work before and won't work now.


Republican politicians are doubling down on trickle down -- even though tax breaks for the rich didn't work before and won't work now.

Connect: Americans should be working their way into the middle class, not falling out of it.

Define: Republican politicians say we need to give more money to the super-rich and wait for the benefits to trickle down -- but we tried it their way, and all we've got to show for it are massive deficits, scarce jobs, and a shrinking middle class.

Discredit: Their corporate donors and lobbyist pals are laughing all the way to the bank - they get to pad their already record-breaking paychecks with our tax dollars, even as they send millions of our middle-class jobs overseas.

Core values: Instead of rewarding corporate greed with even bigger bonuses, we should invest in the backbone of our economy -- the middle class -- and make sure that the working Americans who contribute to the creation of wealth share in it. 


"The last thing we need to do is raise taxes on job creators -
we need to cut corporate tax rates to promote competition and fix our economy."

"Tax cuts for the rich create jobs."

  • Tax giveaways for the rich don't get the economy moving or create jobs because millionaires and billionaires don't need or spend the money -- they just hand it over to their hedge fund managers.
  • Economists ranked tax cuts for the rich dead last in a list of ways to jump-start the economy.

"Obama's policies have grown the government and the deficit and destroyed our economy."

  • It doesn't help to pretend to care about jobs and deficits, but then turn around and give massive tax breaks to millionaires, oil companies, and big banks that drive up our deficits -- and do nothing to create good jobs for ordinary Americans.
  • The best way to reduce the deficit is to put Americans back to work, and that should be our top priority. We've got a long way to go, but 15 straight months of private sector job growth under the Obama administration is a start.


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Posted in - Budget - Economy

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