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Steele: Reduce Unemployment Taxes On Small Businesses To Get Banks Lending

You've got to love these compassionate conservatives...huh? From Think Progress--Steele’s Economic Plan: Take Away Unemployment Benefits: This morn
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You've got to love these compassionate conservatives...huh? From Think Progress--Steele’s Economic Plan: Take Away Unemployment Benefits:

This morning on NBC’s Today, RNC chair Michael Steele said that in order for banks to start lending to small businesses, the federal government should reduce the unemployment tax:

STEELE: Well, I think, first off, he should recognize that banks aren’t going to lend money to people who can’t pay them back. … So there’s — there’s this whole cycle of not understanding exactly how the economy works with respect to small-business owners. Take that pressure off of them. Let’s — let’s eliminate the capital gains tax. Let’s reduce the unemployment tax.

They have much more on why this is a terrible idea. Tax cuts and more tax cuts and the working class be damned. That's all these guys have got.

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