bestnom1000x50

Maine's "moderate" senators are at it again

Look, we know Maine senators Olympia Snowe and Susan Collins only appear moderates by contrast with their rabid, attack-dog, mama-grizzly Republican coreligionists (I've reported on that before). But seriously, Olympia and Susan? Opposing Obama's tax plan because it cuts taxes for 95-percent-plus of Americans, but lets tax breaks expire for people making over $250,000 a year?

The Associated Press is reporting that Senate minority leader Mitch McConnell swears every Republican senator has promised to block Obama's plan.

Of course this comes as Moody's releases a report that says rich people who get tax cuts don't spend their extra money, but save it. That runs contrary to the Reaganite trickle-downers, who say tax breaks for the rich are the best way to help lower-income households. The logic there? Giving the money TO the lower-income households would mean they'd just spend it. While giving the money to rich people would create demand for consumer goods (like Jaguars, in-ground swimming pools, and yachts), and that demand would mean businesses would have to hire more people. Which would give lower-income households more money. After it was laundered through several layers of society, each of whom took their vig.

Good thinking, I say.

 

 

| More


ADVERTISEMENT
 Friends' Activity   Popular 
All Blogs
Follow the Phoenix
  • newsletter
  • twitter
  • facebook
  • youtube
  • rss
ADVERTISEMENT
Latest Comments
ADVERTISEMENT
Search Blogs
 
Links
Strange Maine - winner, The Best Blog, Portland Phoenix, 2008
Black Bird Legal Collective - A Portland-based legal-activist group
DowneastBlog - You tell us what they think
Local Foodie - Portland-based local-foods blog
Media Nation - A media-watch column by journalism professor and Phoenix contributor Dan Kennedy
Organizing Notes - Comments from Maine peace-and-justice activist Bruce Gagnon
Portland Greens - Updates from Portland's Green Party
Portland on Wikipedia - See what the crowdsourcing crowd is saying
Where There's Wil, There's Always A Way - winner, The Best Blog, Portland Phoenix, 2007
Portland Museum of Art blog -
Have Faith In Worthless Knowledge - The SPACE Gallery blog
Maine Prisoner Advocacy Coalition - Activists for prisoners' rights
About Town Archives