Tom McClintock forgets his history

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I agree with Congressman (Tom) McClintock’s editorial (Another View, July 29) which states cutting spending and creating new revenues from economic growth will balance the budget. But he forgets to mention that revenues need to also be collected from corporations by paying their fair share of taxes. Back in the 1950s and ’60s, when America was booming, corporations paid $1.50 for every $1 that individuals paid in taxes. Today corporations pay 25 cents for every $1 individuals pay. That’s not fair. I hear the mantra that we need to continue to lower taxes on large corporations and billionaires to create jobs. The facts are that corporations in America today are sitting on $2 trillion in cash and they’re not creating new jobs with this money. They are investing this money and creating jobs overseas. So if the private sector can’t create jobs, then the government needs to — through a robust jobs program of rebuilding the entire infrastructure of America. These good-paying jobs will stimulate the economy and help balance our budget with increased workers’ tax revenues. These revenues combined with taxing the corporations and billionaires their fair share, like we did in the ’50s and ’60s, will lead America back to prosperity. Mike Anderson, Auburn