10 Jul '11, 10pm

The GOP’s Fallacy That Tax Increases Take Money Out Of the Economy

Saturday July 9, 2011, 3:02 pm "The argument by the conservatives that tax increases take money out of the economy is absurd. The debate that tax cuts create jobs by allowing the wealthy to keep more of their money is even more disillusioned. The simple point is tax increases simply increase revenue to the federal government, but the federal government doesn’t SIT on that money. They either pay workers or invest that money in infrastructure. The money that is spent to invest in our national or local infrastructure goes directly to private companies most of the time. I speak from personal experience on this issue. The government taxes a business in city (X) one dollar, that city then hires a private company to build a road or fix a light. That private company then gives me, the employee, that dollar that was paid in taxes by that business in city (X). I then take that dolla...

Full article: http://www.care2.com/news/member/827551733/2863619

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