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"Trickle-Down" Economics, Tax Cuts for the Rich Exacerbate Income Inequality
Interview with Brian Miller, executive director of United for a Fair Economy, conducted by Scott Harris
Despite strong opposition from progressive activists and some legislators, President Obama's deal with Republicans to maintain the Bush-era tax cuts for the next two years to benefit the wealthiest Americans, won approval in both the House and Senate - and was signed into law on Dec. 17. While the tax measure continues unemployment benefits for another 13 months and cuts payroll taxes by two percent, the extension of tax cuts for America's richest citizens maintains the Republican "trickle down" policy that is one of the least effective ways to create new jobs, according to most economists.
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Original: BTL:"Trickle-Down" Economics, Tax Cuts for the Rich Exacerbate Income Inequality