In defense of trickle-down economics


Imagine what would have happened to the economy if Congress had extended the tax rates permanently instead of for just two years. Imagine what would have happened if the payroll tax holiday had been for a year for the employee and the employer, and for the full 12.4 percent Social Security portion.

Imagine if the Democrat-controlled Congress had lost its collective mind and actually reduced the top corporate tax rate from 35 percent to 25 percent. Imagine no taxes on repatriated profits that companies are going to just leave in other countries anyway to avoid double taxation. Imagine a capital gains tax rate of zero!

Imagine an economy so robust that everyone who wanted to work could find a job, and some people could even find a new career, or start a business.

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