Bulletin: Tax Breaks Should Go to the Poor

It's really so simple. If you give tax cuts to the POOREST taxpayers, what do they do with the extra money? They spend it ALL. If you give tax cuts to the richest Americans (a la Bush's tax plans, past and future), what do the rich do with it? They SAVE it. Which method will more likely stimulate the economy and create more jobs? (Okay, if I really have to explain it, then we are both wasting our time here.) Notice that I didn't say "richest taxpayers", because few rich people pay relatively significant amounts of taxes. Every time you hear Bush say that his plan to lower taxes creates jobs, check your BS meter because it will be in the red zone.

On a related note, Robert S. McIntyre shows the effect of Bush's "Deficits don't matter" policy on our future.