After 12 months of an uncertain economy with job creation dipping up and down, the significant increase of job growth this month suggests a strengthening economy.
According to this Fox News host, it’s because of George W. Bush, with no credit given to President Obama.
No, really. Watch:
Fox News hosts push the myth that businesses have “been hoarding cash instead of hiring” because of “the likelihood for higher taxes.” In fact, as the Congressional Budget Office noted, “Increasing the after-tax income of businesses typically does not create much incentive” to hire.
Corporate profits have been soaring and jobs have been created not in America, but overseas; a vast amount of corporations are not paying a dime in U.S. taxes. Somehow this is supposed to better our economy?
Plutocracy is devastating this country, in fact, ask the American people: Raising taxes on the rich beats out cuts to defense spending, Medicare and Social Security as U.S. adults’ top preference on how to close the deficit, according to a 60 Minutes/Vanity Fair poll in January.
Most polls show that taxing the rich would better our economy, but the millionaire Fox News’ hosts want to convince their viewers otherwise, as do their conservative radio host counterparts.
Ask most average, hard working middle class Americans and you’ll hear differently. Yesterday in California,a new poll was released showing strong bipartisanship support for raising taxes on the wealthy. 78% of California voters support a 1% increase in the income tax rate for Californians earning more than $500,000 a year.
New research shows the wealthiest 5% in this country control a whopping 63.5% of everything, while the rest of us, the bottom 80% own just 12.8% of the country’s wealth. And they get tax cuts why?
Dismissing research, Fox News viewers have bought into the idea that taxing the wealthy and not affording them undeserved tax cuts is somehow a maneuver to trick our countrymen and women in order to mold America into Obama’s new Socialist, Marxist, Maoist utopia.