According to Senator Shumer: "The truth is, if we decouple the tax cuts for those earning above $250,000, that means they will be gone for good,” Schumer said in a statement. “Over 10 years, that will reduce the deficit by $800 billion compared to what Republicans want to do.”
What a stretch and shading of the truth. This will reduce the deficit by $80billion per year compared to an annual deficit of $1.3 TRILLION. So over 10 years the deficit is $13 TRILLION and he's saying a reduction of $800 BILLION will matter... REALLY?
Six cents on the dollar is going to make any difference at all???
This is even discounting the truth that the more you tax something, the less of it you get. History has proven that the only sure way to increase revenue is to reduce the rates...
No wonder this country is beyond broke!
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