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Friday, November 13, 2015

"Among the Republican presidential candidates, Rubio is widely considered to be a moderate on fiscal issues." Oh sure, moderate is as moderate does.

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COMMENTS: 
*  The GOP -- The Party of tax cuts for the 1%.
*  Republicans absolutely do not understand economics. They promise massive handouts which America cannot pay for and end up adding tens of trillions of dollars to the debt.
*  Hey once we Eliminate Social Security, Medicade, Education, Food Stamps and Obama Care the tax cuts will pay for themselves and we will still be able to Increase the Milatary budget by 15 percent a year. Of course America wont be worth defending anymore but they will need the increased milatary to keep the citizens in line.
*  Trickle down. Don't you know anything? Trickle down will have those rich guys begging us poo foks to come and work for them, at twice the wages we make now. If you buy this, I got some ocean view property in Kansas for you. Speaking of Kansas, one only needs to look there, to see how well trickle down works.
   *  It's not trickle down, it's tinkle down, as being pissed on...
*  This is how Republicans cut taxes for the middle class. Sure, they lower your taxes, but then you get charged a fee for everything you used to get for paying your taxes. The end goal being the privatization of most public services. The republican's vision of our future, is having to decide whether to purchase milk or pay your fire protection service bill this month.
*  Why on why do the rich need more money? Answer it's getting expensive to buy congress these days.
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The Math On Rubionomics Is Way, Way Crazier Than You Think
By Jonathan Chait, November 8, 2015

Last week, Citizens for Tax Justice, a liberal think tank that uses mainstream economic tax modeling, analyzed Marco Rubio’s tax-cut plan. Thirty-four percent of the benefits of the plan would go to the highest-earning one percent of Americans (who, by the way, earn about 21 percent of all income). Rubio’s proposal deliberately provides some benefits to Americans of modest income, which means that its enormous tax cuts for the very rich come alongside some pretty decent-size tax cuts for the rest of us. All told, Rubio’s plan would reduce federal revenue by $11.8 trillion over the next decade. The entire Bush tax cuts cost about $3.4 trillion over a decade, making the Rubio tax cuts more than three times as costly.

Read the whole story at NY Magazine
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