Zeev's Turnips Talk Politics (ZTTP)

[seabass]

>>>Makes no sense. P;ease explain the connection between wallstreet profits and the national debt<<<


How hard is that to figure out? Billions if not trillions of dollars in tax cuts for corporations over the past 6 years has fueled the stock market, drained the treasury and sent the national debt to levels unheard of.


"President Bush signed into law late Friday $136 billion in corporate tax breaks, including a one-year reduction from 35 percent to 5.25 percent on foreign profits for U.S. multinationals. The provision was strongly backed by the technology industry despite criticisms that the break rewards corporations that outsource jobs overseas."

http://www.internetnews.com/bus-news/article.php/3426211