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His argument is simple, and repeated numerous times: tax cuts for the rich don't do shit but increase the federal deficit. Unfortunately, we either give tax cuts to the rich, or the Republicans in Congress will refuse to pass those tax cuts and credits that actually do a stimulative effect on the economy.
That is, and has been, Obama's argument in a nutshell. He's said it over and over again. It has never been this administration's rationale that tax cuts for the rich have a stimulative effect.
I'm not sure what's so hard about this.
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