Boozman plan serves the rich first | Arkansas Blog

Thursday, July 8, 2010

Boozman plan serves the rich first

Posted By on Thu, Jul 8, 2010 at 2:49 PM

Sen. Blanche Lincoln's campaign has begun issuing a blizzard of words about the weaknesses in opponent John Boozman's plan to stabilize the economy. Doesn't mean she's not right in saying Boozman would correct the budget on the backs of farmers and the unemployed, while saving government's tender mercies for the rich. For example, she's nothing but right about Boozman's desire to extend tax cuts for the wealthy:

Extending Tax Cuts For Wealthiest Would Add $826 Billion to Deficit. Extending the tax cuts for the top 2 percent of U.S. households would result in deficits and debt $826 billion higher over the next 10 years then if those cuts are allowed to expire. [CBPP,4/1/2010]

Tax Cuts for Wealthy Much Less Effective Stimulus Than Extending Unemployment Benefits. According to an analysis from the nonpartisan Congressional Budget Office, extending the 2001 and 2003 tax cuts for high-income households would be the least effective way to stimulate growth and job creation, behind measures such as extending unemployment insurance, providing tax incentives for hiring and investing in the country's infrastructure. [CBPP, 4/1/2010]

Tags: , , , ,

From the ArkTimes store

Favorite

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation