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Thursday, November 18, 2010

Video of the Day - Rep. Grayson Explains What The Rich Could Do With Tax Cuts

Official headshot of Rep. Alan Grayson (D-FL)Image via Wikipedia
Congressman Alan Grayson
(D-FL-Dis. 8), took to the House
Floor to explain how not
extending the Bush Era Tax Cuts
could create up to 3 Million Jobs
Outgoing progressive Congressman Alan Grayson (D-FL), took to the House Floor on November 18th and, made what would best be described as a impassioned speech for not extending the Bush Tax Cuts.  


Within his speech, he highlighted the five items wealthy tax payers in the top 1 percent of the U.S. income bracket could purchase, if the Bush Era 2001 and 2003 tax cuts are extended in Congress


The tax cuts would average up to $83,347 a year for each person, making over 1.4 Million Dollars a year. Representative Grayson, highlighted that a better use for the tax cuts, would be to employ up to 3 Million American job seekers at $30,000. 


Review the "Reach Out Job Search" blog-Video of the Day, speech by Congressman Alan Grayson, below



What are your thoughts on this video? Do you believe a better use of the tax cuts would be to create employment opportunities via a FDR type WAP program or, to give money to the wealthiest Americans? Feel free to comment on this story below!
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