Tax breaks for billionaires don’t create jobs. The George W. Bush presidency and the Republican recession are proof of that. Giving rich people more money just for being rich does nothing to help the economy. It only increases the national debt. No amount of Republican rhetoric can change that fact.
We simply cannot afford to borrow another $700 billion to
give tax breaks to millionaires and billionaires who aren’t paying their fair
share, especially when there are millions of Americans still looking for work.
Just 1 percent of that $700 billion would pay for almost 142,000 elementary
school teachers for an entire year. That money should be used to create jobs,
rebuild our infrastructure and educate our children, not for the wealthy to buy
We agree with the president that there is no time to delay – the recovery is fragile, and American families are hurting. We need to make the right decisions right now to boost our economy. The unemployment crisis is a harsh reality for millions of Americans, and giving more money to the super-rich won’t do anything to solve it.
This holiday season should be about supporting middle-class Americans, not another taxpayer-funded present for the wealthy.