Thursday, November 24, 2011

The real cause of the federal deficit « The Progressive Pulse

While I don't disagree with either Baker or David, the headline is misleading. The “real” cause of the exponentially increasing debt was brought about under Reagan, when corporations, which were paying an equal amount of the tax burden, began successfully lobbying Congress to reduce their tax burden to about 5% of individual taxes, without corresponding cuts in spending.

Reforming health care is commendable, reforming the tax code and instituting pro jobs legislation are paramount.

The real cause of the federal deficit « The Progressive Pulse

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