Tuesday, January 12, 2010

Tax Cuts A Loan??

"So those billions to the rich were a loan"

How do you figure? Do you have a signed contract calling those tax cuts a loan? What if the rich people who took those tax cuts move all their fortunes off shore out of the hands of US tax collectors? What if they leave the country entirely? How do you plan to force them to pay all these tax cuts back with interest?

I'll let you in on a secret- the rich are experts at reducing their tax burden. If it was so easy to recover previous tax cuts from today's rich, we wouldn't have these deficits.

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