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Robert Reich: Newt's Tax Plan, and Why His Polls Rise the More Outrageous He Becomes »

robertreich:

Newt Gingrich has done it again. With his new tax plan he has raised the bar from irresponsibility to recklessness.

Every dollar estimate I’m about to share with you comes from the independent, non-partisan Tax Policy Center – a group whose estimates are used by almost everyone in Washington…

If Newt wants to do this forever, I think it’s a terrible idea, as it will not necessarily boost demand, which is needed to get us out of recession. If he wanted a one or two year moratorium on personal income taxes, I’d say yes, in order to improve spending power, but I still don’t want him elected. We don’t need him in office to make changes in the tax code.

Reblogged 5 months ago from robertreich
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Source: robertreich
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  9. deepthinking reblogged this from robertreich and added:
    Why His Polls Rise...More Outrageous He Becomes
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    joke about his “Contract out...America,” but Reich suggests
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    Probably counting on...fact that folks won’t take the time
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    terrible idea, as it...necessarily boost demand, which
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  22. This was featured in #Politics
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