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The Numbers Don't Lie-Why Lowering Taxes For The Rich No Longer Works To Grow The Economy

Ronald Reagan wearing cowboy hat at Rancho del Cielo. (Photo credit: Wikipedia) Since the arrival of President Ronald Wilson Reagan, it has become a matter of conservative orthodoxy that tax cuts for the rich will, inevitably, lead to economic prosperity.

 

Obama Signs $858 Billion Tax-Cut to Revive Economy, Add Jobs

President Barack Obama signed into law an $858 billion bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.

 

Geithner: 'Responsible' to End Tax Cuts for Wealthy

Geithner: 'Responsible' to End Tax Cuts for Wealthy

Treasury Secretary Timothy Geithner on Sunday disputed claims that allowing a portion of the Bush tax cuts to expire will choke economic growth, saying the government needs to do the "responsible" thing and show the world it is capable of tackling the deficit.

 

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