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That was political grandstanding. Imagine if some war broke out or something like the financial crisis happened in 3 years. Already poor economic growth, 401k c
by propman 9y ago
That was political grandstanding. Imagine if some war broke out or something like the financial crisis happened in 3 years. Already poor economic growth, 401k crashing, job cutting, businesses losing money and all of a sudden taxes go up 15%? It would sink the economy and force govt to pay trillions. It was a comically absurd idea that becomes easily refuted with 5 seconds of thought. Unfortunately, 99% of politics is grandstanding, just hope that things that pass into actual law are rational.