Topping Congress’s agenda as it returns this week is a plan to “jump-start the economy and try to shorten the slowdown that many economists say has already begun to take hold.”
Today, Rep. Eric Cantor (VA), the chief deputy Republican whip in the House, unveiled his proposal to stimulate the economy. His legislation — the so-called Middle Class Job Protection Act — does nothing for the middle class. Instead, it reduces the corporate tax rate by 28 percent.
At a press conference today unveiling the stimulus proposal, Rep. Michele Bachmann (R-MN) justified the conservative plan to give tax breaks to corporations — instead of working Americans — by arguing that people actually like working long hours:
I am so proud to be from the state of Minnesota. We’re the workingest state in the country, and the reason why we are, we have more people that are working longer hours, we have people that are working two jobs.
Bachmann’s version of the American Dream is apparently working two full-time jobs and struggling to get by.
Yesterday, the nonpartisan Congressional Budget Office concluded that corporate tax cuts, such as the one proposed by Cantor, “may be less cost-effective in the short term” and less effective than a stimulus plan consisting of “tax rebates, extended unemployment benefits and a temporary increase in food stamps.”
Bachmann may be taking her cues from her bosom buddy President Bush, who on Feb. 4, 2005, told a divorced mother of three: “You work three jobs? … Uniquely American, isn’t it? I mean, that is fantastic that you’re doing that.”