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

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

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Posted: Tuesday, December 4, 2012 12:00 am | Updated: 6:52 am, Tue Dec 4, 2012.

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.

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