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"Anti-tax Tea Party Republicans swept many states, and they bet that slashing corporate taxes and individual taxes would be a shot in the arm to their economy, creating new jobs and more revenue. They were wrong. But now the damage from the deep cut is clear—not just in underfunded schools and crumbling infrastructure, but in lagging economies and angry constituents. This article in The Nation explains it. If we lived in a rational world, everyone would agree that we learned an important lesson. Draconian tax cuts benefit the wealthy and do not produce economic growth. They require government to starve essential services. Unfortunately we do not live in a rational world. Teachers and parents are angry. Will their anger suffice to throw the bums out?"
At dianeravitch.net
