Bernie Sanders: Trickle down economics is a fraud...

[Playinghardball]

[KansDem]

1. Trickle Down created jobs!

In China, in India, in SE Asia, and other places I never heard of...

[Donald Ian Rankin]

3. If that is true, that would be a strong argument in its favour.

"America first" is not a position I, as a non-American, take seriously.

I'm not sure if it is, though.

[Scuba]

2. Weird, cause Congressional Democrats have been pushing trickle-down.

http://www.dailykos.com/story/2014/11/25/1347464/-Reid-in-talks-on-tax-package-ending-breaks-for-middle-class-extending-some-for-nbsp-business

TUE NOV 25, 2014 AT 01:00 PM PST
Harry Reid preps deal to lock in big business tax cuts and screw over middle class

Would Harry Reid's last big act as majority leader for the next two years be to screw over the middle class to help out business? If ThinkProgress's sources are right, that's what could be happening. Igor Volksy writes that sources tell TP that Reid has negotiated an agreement with House Republicans that would end some tax breaks for the middle class and make some tax breaks for corporations permanent.

Under the terms of the $444 billion agreement, lawmakers would phase out all tax breaks for clean energy and wind energy but would maintain fossil fuel subsidies. Expanded eligibility for the Earned Income Tax Credit and the Child Tax Credit would also end in 2017, even though the Center for Budget and Policy Priorities estimates that allowing the provisions to expire would push "16 million people in low-income working families, including 8 million children into—or deeper into—poverty." The proposal would help students pay for college by making permanent the American Permanent Opportunity Tax Credit, a Democratic priority.

Meanwhile, two-thirds of the package would make permanent tax provisions that are intended to help businesses, including a research and development credit, small business expensing, and a reduction in the S-Corp recognition period for built-in gains tax.

To top it all off? "The costs of the package will not be offset." Disaster relief? Has to be offset. Tax breaks to corporations and war? Don't need to be offset.