House, Senate Democrats: No tax cuts to ‘millionaires’
“Several economic studies have indicated that the wealthiest people — the top three percent who make more than $250,000 per year — are more likely to invest tax cuts in stocks or other assets than to create jobs. And, Democrats point out, many large American corporations are posting record profits without sinking that money into payroll. Instead of spending money on tax cuts, they say, the money should be spent on actual jobs — which, in turn, will bring businesses the customers they need to thrive.”
I don’t understand, what is the Republicans’ rationale for wanting to extend tax cuts for the wealthiest of Americans?