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Tuesday, October 18, 2011

Trickle Down Economics Branded A Failure

Do tax cuts for the wealthier in the province translate into job creation for the rest of us?

That question is at the core of the Occupy Wall Street protests.

Jean-Claude Basque of the Common Front for Social Justice tells CHSJ news there is no evidence the last tax break for the better off back in 2009 did anything except widen the gap between rich and poor.

Basque says the income tax cut did reduce government revenue by 325 million dollars.