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Republicans know that trickle-down economics is no longer an easy sell, so they've wrapped up those bad policies in a new package.
 
This week, the Republican-controlled House of Representatives passed a rule that requires more macroeconomic scoring on all major fiscal legislation through a process called "Dynamic Scoring." Now, that may sound innocent enough, but, that's only until you consider that this whole practice centers on the failed economic policies of Ronald Reagan.
 
According to this new rule change, any significant changes to the budget or tax policy must be scored based on how they effect our economy and government revenue. However, those scores will be generated using the long-debunked premise that lowering taxes somehow increases government revenue.
 
Even though we have thirty-plus years of evidence that clearly disproves this nonsensical economic policy, Republicans decided to use it as the basis for every decision concerning our tax policy. As former Labor Secretary Robert Reich explained recently, "Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldn't look as if they increased the budget deficit..."
 
It doesn't take an economic expert to understand that tax cuts lower government revenue. And, it doesn't take a historian to remember what happened after George W. Bush slashed rates for those at the top. Tax cuts for the rich don't stimulate our economy, and this flawed logic shouldn't be used to make economic decisions.
 
As Senator Bernie Sanders said, "In these difficult times, we need realistic economic projections, not discredited theories, not voodoo economics." Call your Representatives today and tell them to reverse the dynamic scoring rule change.
 
-Thom
 
(What do you think? Tell us here.)
The Big Picture (small)
Tonight on The Big Picture on RT TV at 7pm and 10pm... Scott Horton, Lords of Secrecy: The National Security Elite and America's Stealth Warfare (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
 
Green World Rising Be sure to check out our new videos: CARBON, LAST HOURS & GREEN WORLD RISING - narrated by Leonardo DiCaprio
 
Big Picture Rumble:
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Friday's Daily Stack Daily Stack
Hour One: If it's Friday, it's "Brunch With Bernie"... the honorable Senator Bernie Sanders (I-VT) joins Thom with all the news from our nation's capitol and as always he'll be spending the hour taking your calls and answering your questions too...
Follow Bernie: Bernie Sanders Web Site Bernie Sanders Facebook Bernie Sanders Twitter Bernie Sanders YouTube campaign site.
Article: "Sanders Calls 'Dynamic Scoring' a Gimmick" by Sen. Bernie Sanders.
Article: "Senate Republicans Turn Blind Eye on Global Warming" by Sen. Bernie Sanders.
Article: "Sanders Seeks Trade Deal Details" by Sen. Bernie Sanders.
Law: "Glass-Steagall Act", 1933.
Article: "Trans Pacific Partnership Agreement" (TPP) by EFF.

Hour Two: Anything Goes on Townhall Friday!
Law: Gramm-Leach-Bliley Act (1999) (Financial Services Modernization Act Of 1999).
Article: "End Racial Profiling Act (ERPA)" by Rights Working Group.
Article: "North American Free Trade Agreement" (NAFTA) by Wikipedia.
Article: "General Agreement on Tariffs and Trade" (GATT) by Wikipedia.
 
Jobs report out today
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Article: "Fifty-state strategy" by Wikipedia.

Hour Three: Anything Goes on Townhall Friday!
 
Reducing greenhouse gases
- Alec Rexroat, iSaveTeam Union for Mechanical Insulation Twitter
 
 
Talk Radio News Segment:
- Victoria Jones Twitter
Article: "3 Terrorism Suspects Killed In France" by Nicholas Salazar.
Article: "House Releases $39.7 Billion DHS Bill" by Loretta Lewis.
Article: "TRNS News Notes- 1/9" by Victoria Jones.
Article: "TRNS News Notes- 1/8" by Victoria Jones.
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