The Republican Road to Recovery must be some kind of sick joke. It includes a huge tax cut for the wealthy, reducing their taxes another 10% from what it is now, which had already been reduced 5% by Bush. Do these people not realize the tax cuts didn’t work during the past 8 years. What makes them think they will work this time? Especially such a drastic cut.
House Republican leaders called a press conference Thursday to unveil their “alternative budget.” While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy.
Under the Republican plan, the top marginal tax rate would be slashed from 35 to 25 percent, facilitating a dramatic transfer of wealth up the economic scale. Anyone making more than a $100,000 would pay the top rate; those under would pay 10 percent. Source
How will the country run without all this tax revenue? Do the Republicans really want to see America crumble? It appears so.