Sunday, August 8, 2010

I'd go further, but this would be a start

Robert Reich (Greenspan, Rubin, and Herbert Hoover): "The top 2 percent now receive almost a quarter of total national income, which is one reason why the middle class doesn’t have the purchasing power to lift the economy on its own. The best way to give them even more purchasing power would be to give the middle class a larger tax cut — say, a payroll tax holiday on the first $20,000 of income."