Repugs say their plan puts the burden on Wall St. not Main St.

Can someone with more expertise in economics and/or Wall St. explain if this is true?

The Repug plan is outlined here: http://www.usnews.com/usnews/images/news/articles/economic-rescue-principles.pdf

Supposedly there are tax breaks for Wall St. in the Repug plan, so how does that benefit Main St.?

Beyond that, what do they mean by that statement? Or is this more 'war is peace' Orwellian doublespeak?


Here's a story and the outline at this link, as well:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=7192375&mesg_id=7192375
http://www.usnews.com/blogs/washington-whispers/2008/9/25/not-so-fast-on-the-deal-house-gop-says-make-wall-street-pay.html

I do know that the Republicans want a suspension of capital gains taxes to "stimulate the economy." And they say that this helps Main Street by creating more jobs and keeping retirement secure by keeping the stock market up. Typically, their plans help corporations and the rich but they explain in as helping Americans. More Reaganomics, trickle down and all that.

argue with Mike Pence on PBS - Frank, too, asked how helping corporations benefits Main St.

Pence (R-Indiana) really didn't respond with specifics - more trickle down is a good way to explain it.

What happens when you repeal corporate taxes? The government relies on income taxes MORE. The corporate taxes that a lot of corporations are able to get themselves out of anyway just mean that without tax code reform, the government ends up giving tax breaks to corporations so it's a bailout anyway! It's also a rehash of the whole "trickle down economics" philosophy, a term which I might add that the Republicans are avoiding the use of for some weird reason :eyes:, but it's essentially worse because this type of giveaway has no oversight at all! It's essentially trusting that these companies, given the free tax breaks, will do their fucking job to clean up after themselves. Yeah, that's a winning proposition.

So yeah, I couldn't believe it that my opinion of Republicans could go even lower but reality has proven me wrong. That is some fucked up retarded shit right there.