Sarah Palin Calls for Extending Bush Tax Cuts

Former Alaska Gov. Sarah Palin is calling for an extension of tax cuts backed by President George W. Bush in 2001 and 2003.

“We need to remind people that tax cuts help everyone,” argued Palin late Tuesday. “And we should also remind the Democrats that many of the so-called ‘rich‘ they’re dismissing are our small-business owners who account for 70 percent of all job-creation in this country. At a time when we need job growth, we should not target job-creators with tax hikes. Closing our deficit gap requires us to cut spending, but we also need to spur economic growth. With that in mind, the last thing we should do is hamper our economic innovators and entrepreneurs with excessive taxes, overly burdensome regulation, and more uncertainty. This is not a difficult argument to make. It’s common sense.”

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1:17PM DEC 1ST 2010
I put together a few charts (see link below) showing 100 years of tax rate and income trends for the top 1% of earners, along with a chart showing how US income inequality is entering Banana Republic ranks. Bottom line: Income at all time highs, tax rate near record lows.

http://8020vision.com/2010/11/16/when-does-the-wealth-of-a-nation-hurt-i...

Jay Kimball
8020 Vision

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