Wednesday, May 10, 2006

CAN THE GOP HOODWINK IGNORANT VOTERS AGAIN WITH A TAX CUT FOR THE RICH? THEY'RE TRYING.

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Isn't it great when members of the House of Representatives and members of the Senate can get together to agree on important legislation and then send it to the president who is eager to sign it? Well, no, not if its importance is how destructive it is to our national social fabric and not if the members who are agreeing are a bunch of greed-and-selfishness obsessed Republicans determined to serve the interests of the wealthy campaign contributors who have allowed them and their families to get fat and rich at the public trough.

That said, if you don't care about our country-- and if you're a multimillionaire-- you have something to be happy about. Yesterday right-wing pigs in the Senate and right-wing pigs in the House agreed to another huge tax cut for the rich, one that will further wreck the country's financial well-being. Yep, $70 billion will be saved, mostly by extending the outrageously low 15% tax rate for capital gains and dividends-- primarily we're talking about passive investment not the kind of entrepreneurial active investment that creates jobs and a thriving, healthy economy-- until 2010.

This is almost entirely another Republican give-away to those who need it least. "The top tenth of 1 percent, whose average income is $5.3 million, would save an average of $82,415." Americans in the middle-- with an average income of $36,000 a year, save $20, not enough for half a tank of gas at the BushCheney rates. Well what about if you're doing pretty well but just not raking in $5 million a year? OK, three-quarters of all taxpayers, make $75,000 or less per year. They'll get $110 in savings-- enough to fill the ole SUV up twice.


If you voted for BushCheney you're probably not reading DWT but maybe you, like me, know someone who did. Ask them if it was worth it? Look around at what this deficit-addicted/war-addicted Regime has wrought. Is it worth a tank or two of free gas?

1 Comments:

At 10:59 AM, Blogger focuzdlife said...

Just more proof that those that benefit from this are the same that are running the country behind the scenes. Since they have the politicians in their pockets, they have the power to continue to give themselves a tax break. As fuel prices keep rising and inflation steadily continues, you will see this happen frequently so that they can continue to keep gaining without feeling the squeeze that everyone else feels. The Republican's explanation is that when they give these tax breaks to those folks, it's supposed to filter down to the rest of us...and that is probably exactly what they and their lobbyists whisper in their ears while offering them the use of their corporate aircraft.

 

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