SOTU: Bush Wants To Make His Economic Program Permanent
By on Jan 28th, 2008 at 9:15 pm
SOTU: Bush Wants To Make His Economic Program Permanent
Bush said: “Make the tax relief permanent.”
FACT — COST OF MAKING TAX CUTS PERMANENT IS $4.3 TRILLION OVER 10 YEARS: Making permanent the 2001 and 2003 tax cuts and AMT relief would have a total cost of $4.3 trillion over the next ten years. The President has not proposed any measures to pay for them. [CBPP, 1/28/08]
FACT — BUSH TAX CUTS WILL FURTHER EXACERBATE INCOME INEQUALITY: The tax cuts will increase the after-tax incomes of households with annual incomes above $1 million by an average of 7.5 percent, compared to a 2.3 percent increase for households in the middle of the income spectrum and a 0.5 percent increase for the lowest-income 20 percent of households. [CBPP, 3/19/07]
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Someone PLEASE stand up on the floor of the chamber and SCREAM
January 28th, 2008 at 9:19 pmYOU FU(KING TRAITOR!!!!!!
The rich get richer the poor get poorer
January 28th, 2008 at 9:26 pmImpeach is a bad thing.
It doesn’t go far enough.
Water boarding would be nice.
Whitehouse IS TAKING CALLS NOW.
January 28th, 2008 at 10:08 pm1-20-456-1111
A president does not have the power to make tax policy for all future presidents. Just screw it up one year at a time, George.
Remember during Clinton when the problem was what to do with the record $250 billion annual surplus? No social security problem then.
January 28th, 2008 at 11:00 pmPermanent stagflation!!!! Yes!!!!
January 28th, 2008 at 11:15 pmArtful use of the word “average” –
That sounds a whole lot better than saying,”try explaining that the 1.5 million of my supporters who won’t get their average $150K tax break and the 114.5 million schlubs who would see their taxes rise by an average of $900″
January 29th, 2008 at 9:16 amYeah, “average”. The terms works fine if related to a small set of “objects” that are fairly closely grouped. It would be nice if a mention was made of the affect on the “median” taxpayer, but I’ll hazard a guess (and it is a guess) that the increase would be about $50.
January 29th, 2008 at 1:35 pm