University of California, Berkeley Professor Robert Reich on June 6, 2012 commented that:
“Republicans were all over the media today claiming that Bill Clinton is in favor of extending the Bush tax cuts for the wealthy through 2013. That’s bunk. I was on CNBC when he allegedly made the remark and, not surprisingly, the Regressives took it out of context. Clinton said given the partisan gridlock on Capitol Hill he expected the tax cuts would be extended and the spending cuts would be suspended. But the deeper and more important story is the GOP is already gearing up to extend the Bush tax cuts for the wealthy indefinitely, as part of their plan to cut taxes on the rich even more. I did this short video to make the clearest case I could for why taxes must be raised on the rich. Please share it.”
The wealthy take income in the form of dividends from stock ownership in the productive capital assets of our business corporations. We must demand of our leaders that they implement policies and programs to broaden private, individual ownership of future productive capital assets for ALL Americans simultaneously with the growth of the American economy.
