The same arguments we have heard during every period of economic struggle since the Reagan years are being sounded again as Republicans and Democrats jockey for support of their own recovery plan. The Democrats argue that President Bush’s $674 billion stimulus plan is skewed to the wealthy, leaving little for the poorest Americans who need it most and dangerously running up the national debt. Republicans counter that Bush’s plan puts more money in everyone’s pockets, and that targeting tax cuts beneficial to big investors will facilitate job creation and economic growth. Penalizing the wealthy by omitting them from tax breaks,...
