Rangel's Proposed Tax Package Political Hornet's Nest

There used to be a time when the Republicans were known for their fiscal conservatism. The pejorative the Republicans use for Democrats, "Tax and spend" rings hollow these days when contrasted with their practice: "Don't tax and yet spend." Compare the success of Clinton in balancing the budget with Bush's growing deficits resulting from his embrace of the Reagan notion that tax cuts for the wealthy "trickle down" and generate increased revenues. It makes ... Full Story »

Posted by Kaizar Campwala

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