Ed Butowsky, Managing Partner of Chapwood Investment Management, joins Varney and Co, appearing live on Fox Business News to discuss the impact of extending the Bush Tax Cuts for the middle class only. Ed Butowsky is adamant that by doing this, the government is hurting the most important player in helping the economy recover — the wealthy. Ed explains that the administration should extend the cuts across the board to help stimulate the economy. The impact of allowing the cuts to expire for the wealthy and the impact of inflation on the economy is not the way to fix the economy. What are the wealthy doing in preparation of the tax hike? Are they investing in things that will help the economy?
Tags: bernanke, economy, fox business, Popular, stimulate the economy, stuart varney, tax cuts, taxpayer, us government