May 6, 2016

READER’S VIEWS: Let's get Cantor's ideas out of the way - Star-Exponent: Starexponent

READER’S VIEWS: Let's get Cantor's ideas out of the way

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, December 4, 2012 12:00 am

Eric Cantor and his extremist wing of the Republican Party are again holding 98 % of Americans and 97 % of American business hostage. Grover Norquist and his billionaire bosses have given the orders and Eric Cantor will obey. He will prevent lower taxes for 98 % of Americans in order to provide low taxes for the superrich. Republicans like to call the superrich “job creators” but that is a lie. The superrich are the investment class. The huge amounts of money they make do not create jobs but goes into stock investments and off shore accounts. That money does not get spent; it does not go back into the economy but into money held out of circulation by the superrich.

The best economy I’ve seen in my lifetime was under Bill Clinton in the 1990s. The tax rate for the superrich at that time was 39.5 % and they made lots of money. Actually, the American economy ran a surplus and was doing great until Bush did the Bush tax cuts and reduced that superrich rate from 39.5 % to 35 %. That move failed and the national debt increased. We know what works. It worked under Clinton and will work here if we can only get Eric Cantor and his billionaire controllers out of the way.

Subscription Required

An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

The following services are print only and offer no digital access

You must login to view the full content on this page.

Thank you for reading 14 free articles on our site. You can come back at the end of your 30-day period for another 14 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you need help, please contact our office at 434-978-7200. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

The following services are print only and offer no digital access

Click to submit a letter to the editor