Reply #4: Virtually all of those tax cuts benefit the rich and well off [View All]

[Juche]

$175 billion in corporate tax cuts
Extend and make permanent the Bush tax cuts (which tend to go to the well off)
The AMT tax is mostly progressive.

There are a few token crumbs thrown to the bottom 90% (the AMT will affect some upper middle class people, the tax cut for dependents and there are some benefits for the middle class for the Bush tax cuts). But about 60-80% of McCains tax cuts go to corporations and the wealthy.

How the fuck did we let our country become this? We are in the midst of a housing, food, energy, education, employment, income and healthcare crisis all at the same time and a serious contender for president is proposing massive tax cuts for the wealthy and cutting social programs to fix it.

If (heavy on the if) tax cuts for corporations worked I would probably be ok with it, but supply side economics hasn't worked yet. Wages are stagnant, job growth is in low income fields like retail and finding a job can be hard.