McConnell boohoos for rich friends

There's a must-read editorial in today's Herald-Leader:

To hear Senate Minority Leader Mitch McConnell and some of his fellow Capitol Hill Republicans tell it, a failure to extend the Bush tax cuts for the wealthiest 2 percent of Americans would cripple the nation's small businesses.

...According to a Bloomberg News report, research by Moody's Analytics Inc. found that wealthy Americans put more money into savings following the Bush tax cuts.

By contrast, they saved less during the Clinton years of the 1990s, when taxes were higher. So, tax cuts for the rich don't provide the kind of economic stimulus McConnell and his fellow Republicans would have us believe.