Billions more in tax cuts for wealthy investors.
By on Dec 8th, 2005 at 11:57 am
Billions more in tax cuts for wealthy investors.
Today, the House considers a package that would “would cost $56 billion over five years and provide a two-year extension of the capital gains and dividend tax cuts.” Overall, the House is pushing $90B in tax cuts, 3/4 of the benefit would go to households earning over 100K per year.
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Any democrat that votes for this needs to be voted out in 2006.
The rich are doing just fine, that is why they are called rich.
You don’t go to skid row and see rich people there.
December 8th, 2005 at 12:01 pmIf life were a thing that money could buy
December 8th, 2005 at 12:03 pmThe rich would have it and the poor would die!
STAYING THE COURSE IS NOT WORKING IRAQ OR HERE AT HOME – TAX THE RICH
December 8th, 2005 at 12:07 pmWheres Robin Hood? Us paycheck to paycheck folks could use some help around here.
December 8th, 2005 at 12:10 pmWith republicans, you can always follow the money to see who’s really in charge of the party… Yet another example of the corruption, deception and class warfare that is always the centerpiece of republican immorality.
December 8th, 2005 at 12:41 pmGOP mathematics:
$100 billion more for Iraq +
December 8th, 2005 at 1:12 pm$56 billion more in tax cuts for the wealthy =
YOU ARE SCREWED
$100 billion more for Iraq
$56 billion more in tax cuts for the wealthy
WHERE IS ALL THIS MONEY COMING FROM?
That is a rhetorical question. I know the answer. Do what the GOP always does, charge it on the credit card of future generations.
December 8th, 2005 at 1:15 pmShouldn’t that be:
“That is a rhetorical question. I know the answer. Do what the GOP always does, charge it on the Communist Chinese credit card of future generations.”
December 8th, 2005 at 1:27 pmThese reps in the OUR House better not approve – to extend tax cuts for the wealthy! It’s time for the middle and lower class americans (which far out-number the wealthy) to stand up and make their voices, phone calls and emails be heard. Enough is enough.
December 8th, 2005 at 2:03 pmIt is sad when we have to pray for the Senate to save us from bushco.
Vote early & often….
December 8th, 2005 at 2:13 pm#6 and #7, GMnY
December 8th, 2005 at 2:34 pmWhere is all the money coming from — That’s the point. Cut taxes for the rich, cut taxes for businesses, spend BILLIONS on defense and their ill-thought-out war, then CUT everything at home from Head Start to Medicare, from college aid to public aid, for lack of funds, thereby reducing the population to a small but wealthy, elite class and a very large underclass of poorly educated working people who have no where to turn when they get sick, or age.
Grover Norquist set forth that plan a long time ago and it is gradually coming to pass.
To dubya and crew, being president is little more than a get rich quick scheme.
There greasing the pockets of each other, pushing billions into defense contracts, so they can retire fat and rich.
And hey, if they’re gonna be fat and rich, they better make sure THEIR taxes aren’t too high.
December 8th, 2005 at 3:02 pmAnother tax cut bill? Wow, so much for the taking care of Katrina damage “no matter what it takes”. Silly me, I didn’t realize a tax cut for the rich was what they were talking about. Go figure.
December 8th, 2005 at 3:07 pmAnother tax cut? Jeeeeeesus.
Correct me if I’m wrong, but just who in the hell is paying the bills around here?
December 8th, 2005 at 3:25 pmMarie I believe it’s give it all away and then we won’t have to have our own party IE; The GOP, decide amongst us as to whos’ Pork we have to cut. That is exactly what’s happin now. I say make all tax cuts earmarked , if the feds give a tax break than earmark those revenues to a particular budget, Go ahead and cut capital gains and investment income but make all the revenues go to the Dept. of Education. This is part of the HYPOCRISY, THIS IS THE GOP
December 8th, 2005 at 3:52 pmThere’s an interesting article over on GNN about Bush and the economy. “How many conservatives credited Bill Clinton, who raised taxes on the wealthy and balanced the budget, for the explosive economic boom that occurred in the 1990s?”
[from: http://gnn.tv/headlines/6468/That_End_Of_Empire_Feeling ]
Seems to me that we should be raising taxes on the ultra rich (top 1% of the nation) to help pay for Bushy’s incredibly vast wasteland of faith-based errors.
December 8th, 2005 at 4:39 pmTax cuts to the wealthiest always have a negative economic impact. Here comes another recession…
When you make it so the pressure is to ‘invest aggressively’ by taxing the wealthiest americans, the economy booms. When you reduce that pressure, it tanks.
December 8th, 2005 at 4:45 pm‘We’re an empire now, and when we act, we create our own reality”. Bush aide; Ron Suskind, New York Times Magazine 10-17-04
A great deal of print has been wasted on President Bush’s inability to tell the truth. In fact, it really makes little difference whether Bush is a pathological liar or not. What is meaningful however is that deception is the primary tool for the maintenance of the state. Transparency and candor are now seen as direct threats to the preservation of the status quo. This suggests that Bush’s lying is not simply a matter of human frailty or corruption, but a clear statement of administration policy. This may seem like a minor point, but in fact the conduct of the Bush administration cannot be seriously evaluated without understanding that deceit is the cornerstone of their class-based world view.
Evidence of this is everywhere, right down to the language that is painstakingly minted in right-wing think tanks to conceal the real meaning of administration policy. “The war on terror”, preemption”, and “enemy combatant” are just three expressions that are intentionally designed to mislead the public. The real purpose of this language is to elicit support for unpopular policies that serve the exclusive interests of elites.
Administration policy is normally reduced to snappy sound-bytes that charm the public and keep the main players “on message”. They are released as “talking points” to their political and media surrogates and disseminated from every newsroom and radio-station across the country. This is the true meaning of propaganda; “to propagate” one’s ideas from many vantage points. No one has succeeded at this better than the Bush administration.
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3 times this Guy, says WE, WE, WE.
December 9th, 2005 at 12:26 amFrom wikipedia.
The New York Times has recently (June 2005) run a high-profile campaign arguing that at the very-high incomes U.S. tax-payers actually face regressive taxation rates (equating income tax across wage and rental incomes). For instance, they project that if the Bush tax cuts are made permanent:
“By 2015, those making between $80,000 and $400,000 will pay as much as 13.9 percentage points more of their income in federal taxes than those making more than $400,000.â€
December 9th, 2005 at 2:12 amThe conservative justification for cutting social welfare is that human nature is “by nature” competitive, anti-social, anti-altruistic, atomistic, individualistic, and selfish. The only way to have an efficient economy is to get people to follow their natural instincts to compete like dogs. That’s their bottom-line philosophical position. But the truth is that people become increasingly selfish only because the top 1% of the population now own 40% of the wealth, and the top 10% own 67%, leaving the remaining 90% poor-smulks to chase after the remaining one-third of wealth. — That being the case there is no reason to cut back on social welfare. Once you have hope people change for the better and contribute more to society. Human nature can be changed through human action because it is not permanent. Don’t fall for their rhetorical tricks.
December 9th, 2005 at 5:03 amI think I have Bush tax policy figured out. For years the poor haven’t had to pay taxes and the more money you made the more taxes you paid. Bush thinks it’s time to turn that round, the more you make the less taxes you pay. I can just see all possiblities with this new tax code. The cost of government can be paid by the poor and middle class on their credit card and he will let them make just enough money to pay the minimum monthly balance. If you are a died in the wool republican this should be right down your alley.
December 10th, 2005 at 10:55 am