Thursday, December 16, 2010

The new tax deal: Reaganomics redux

Robert Reich, Former Secretary of Labor; Professor at Berkeley; Author, Aftershock: "The Next Economy and America's Future"

Will lower taxes on the rich spur them to create more jobs? Not a chance. Since 1980, Reagan's supply-siders have said lower taxes on the rich will trickle down to everyone else. Nothing could be further from the truth.

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