Republican Jobs Plan: Bigger Tax Cuts For The Rich - (this is on TOP of the Bush tax cuts) [View All]

http://www.huffingtonpost.com/2010/08/03/republican-jobs-plan-tax-cuts-rich_n_669539.html

After opposing, stalling, stonewalling and filibustering almost every recession-related bill for the past year, Republican lawmakers have finally proposed a jobs plan of their own: a bigger, more expensive version of George W. Bush's tax cuts for the rich.

The Economic Freedom Act of 2010 -- introduced by Reps. Jim Jordan (R-Ohio) and Jason Chaffetz (R-Utah) -- proposes deep tax cuts favoring the wealthiest in America, a reduction in regulatory oversight and the elimination of a federal tax on the estates of millionaires, which will allow wealthy investors to escape taxes entirely on a significant portion of their income.

Republicans say the bill will create jobs where President Obama's policies have failed to do so.

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House Majority Leader Steny Hoyer (D-Md.) said in a conference call on Tuesday that the GOP's proposal will not only fail to stimulate job growth, but will triple the deficit by 2015 and devastate an already-shrinking American middle class.

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