(CNN) – Rep. Greg Walden, R-Oregon, says Republicans want to stop all the potential tax hikes in the weekly Republican radio and internet address.
Do the math! Why would we add $700 billion to the deficit in return for $35 billion in what has been found to be the least effective means of stimulus? A third of the cost of the cuts would go to the wealthiest 2 percent of Americans.
The CBO report pointed out that tax cuts for high earners would have the smallest “bang for the buck,” because wealthy Americans were more likely to save their money than spend it.