Don't buy into Republican arguments

Republicans are arguing against some tax reform and in favor of tax cuts for the wealthy. "If only," they clamor, "the rich had more money they would invest in jobs and businesses."


Rana Foroohar
Time Magazine, 1/24/2013

In any case, the "we would invest in the U.S. if only we had the money" argument doesn't hold water. Given how low interest rates are right now, it's just as easy to borrow to fund capital spending as it would be to pay a 5% tax. As Warren Buffet has said frequently in the past few months, a lack of cash is not hindering job creation. In fact, banks are in need of major corporations to lend to.