Saturday, January 21


When Dubya delivers his State of the Union address and insists that making his tax cuts permanent will benefit the economy and all Americans, remember this.

Nor will the budget cuts do anything to reduce the deficit, which is projected to hit $365 billion. Thanks to tax cuts expected to be finalized early this year, most of the money will go directly into the pockets of the country's wealthiest citizens. Three-fourths of all Americans will not see a dime from the president's move to make permanent his cuts on dividend and capital-gains taxes -- while the nation's richest 1 percent will reap more than $25 billion. By 2010, thanks to Bush, America's millionaires will enjoy annual tax cuts of $130,000.

"I don't know of any religion practicing in America today that preaches from the pulpit that what one should do is take from the least among us to give to those who have the most," says Sen. Conrad. "But that's what this budget is about. It's so profoundly wrong."

Tags: , ,


Post a Comment

<< Home