We all remember back in December of 2010 when the Lame Duck Congress was considering extensions of the Bush era tax cuts for the top 1%, the millionaire and billionaire individuals and trillion dollar hedge funds. The argument was put forth that the tax cuts were not funded, to which the neo-cons responded saying the tax cuts did not need to be funded because they represented a tax increase if they were not allowed to continue. This is a classic example of double speak wherein down is up, unless they need it to be down for their advantage.
Today it is being debated as to whether tax cuts for the middle class and working poor should be continued, and in this instance the neo-cons are purporting that furthering the tax breaks is unfunded and hence expenditure we cannot afford.
Continue reading “The Arrogance of the Corporate Elite Knows No Bounds”