GOP economic plan projected to raise taxes on the poor, unlikely to create jobs

Updated

The Republican Party has a tax plan that would raise taxes on the poor and jobs bill that doesn’t create jobs, according to two reports Reverend Al Sharpton highlighted on Tuesday’s PoliticsNation. Earlier that day, the Huffington Post reported that, out of the several economists they had asked about the GOP’s jobs bill, “most said the GOP jobs package would have no meaningful impact on job creation in the near term.”

“A lot of these things are laughable in terms of a jobs plan that would produce noticeable improvements across the country in the availability of employment in the next four or five years,” one economist, Gary Burtless of the Brookings Institute, told HuffPo.

In a separate report, The New York Times noted that the Republican tax plan “would extend tax cuts for 2.7 million affluent families while allowing tax breaks to expire for 13 million on the bottom of the income spectrum, tax analysts say.”

On PoliticsNation, Senator Bernie Sanders (I-VT) castigated Republicans for what he called an “immoral” economic philosophy, saying, “When you give tax breaks to billionaires and you punish old people and sick people and children, that’s a moral issue.”

“These guys see that their function in life is to protect the wealthiest in America,” he said.

Bernie Sanders and Al Sharpton

GOP economic plan projected to raise taxes on the poor, unlikely to create jobs

Updated