Friday, December 23, 2011

Tax cuts are not stipends.

When George McGovern campaigned on giving every household $1,000, he was laughed out of town as a shameless panderer. President Obama is doing exactly the same — a one-year tax holiday that hands back about $1,000 per middle-class family — but with a little more subtlety.
So, the Bush tax cuts were "wealth redistribution" for the rich?

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