With congressional Democrats divided on how to approach the soon-expiring Bush tax cuts, reliably liberal Newsweek has taken upon itself the task of defending tax hikes, particularly those on the "rich."
In back-to-back posts today, Ben Adler sought to dismiss the stimulative effect of tax cuts while Nancy Cook profiled some rich liberals who are allegedly looking forward to their taxes going up. [click image above for full-size screen cap]
"Republicans, moderate Democrats, and even members of President Obama’s economic advisory board say raising taxes on the rich will slow the economic recovery," Adler noted in the subheadline of his story. "But that’s only if you don’t do something smarter with the money," he added.
The "something smarter"? You guessed it, shovel-ready stimulus jobs!: