Ca$hing In With Bu$h
The President and his cabinet will personally save hundreds of millions of dollars by repealing the estate tax. Not for us... for them. Isn't that wonderful? How nice for them! I'm sure they'll each do a lot of good in the world with all that money.How many average working stiffs out there will benefit? How many average Joe's and Jane's are anxiously awaiting the repeal of the estate tax? It doesn't matter, because we'll all be happy to pay a greater share of the burden so the richest of the rich can demonstrate that old money never goes out of style.
That's okay. We will keep working harder for less money, while the Bush league eliminates overtime pay and throws parties for porn stars. After all, he only way to defeat those terrorists is on the strength of our "Christian values", right?
posted by SheaNC at 12:14 AM
7 Comments:
Well, to be accurate, it is his estate that will save, and his heirs that will benefit. Because he has to be dead for these changes to mean anything.
And I don't know about you, but my taxes were lowered. And I'm not anything close to a millionaire. That's what happens when the highest tax bracket is eliminated and the rest are shifted accordingly.
Why aren't you griping over the fact that Democrats constantly raise taxes? In fact, when has a Democratic leader ever cut taxes? I'd be intereseted to hear about that. Or maybe the Democratic tax cutter is just a fairy tale.
I have to honestly Democrats are not so good at cutting taxes. I dont think any politicians are.
Agree with you, CH. Politicians are not about cutting taxes. Even Bush's tax cuts were about 1/3 what they should have been.
No, its all about promising things to people in exchange for power, and passing the cost along to you and me.
-Jack
Here's two to start:
1. Senate Democratic Tax Cut Plan: Bigger Tax Cuts for Most Taxpayers & More Economic Stimulus than Bush Yet Far Less Costly Over the Long Term
2. Senior Senate Democrat offers tax cut plan
For more, just Google away.
Also, the following is from a page that is no longer available online, but I preserved it in its entirety for an occasion such as this:
"The Tax Cut. It's All About You.
"The government gives you a tax cut. You’re happy. The government’s happy because when you’re happy, you vote for the government because, let’s face it: it’s all about you. And that’s okay. Because why shouldn’t you get money back? You pay your taxes every year, sometimes even as much as you owe. And really, what does the government need all that money for anyway? Nothing that concerns you. They’re using it for interstate highways and homeland security and health care and education programs and veteran’s benefits and... Wait a minute. If they’re using your tax money for all those things, then why are all those things broken? Did the government not really use that money for what they said? How could that be? They said they would, and yet there doesn’t seem to be enough money for the gazillion things the government needs money for. And if there’s not enough money for all those things already, then how can the government give you a tax cut?
"Wow! That’s a lot of hard questions in just the first paragraph!
"And here are some answers. You won’t like them, but here they are: The tax cuts are mumbo-jumbo, smoke-and-mirrors, a ruse, a ploy, a parlor trick. They’re pulling the wool over your eyes, pulling your leg, pulling a fast one, pulling your financial future and your children’s future and your grandchildren’s future into an endlessly spiraling whirlpool of debt.
"You see: the government is running on fumes. It has no money to spend. It’s broke. It gave you back money it didn’t have in the first place, so it had to borrow and borrow and borrow — from foreign governments (the Saudis for example) trust funds (Social Security for example), anywhere it could go to drum up the cash for your tax cut.
"Because it’s all about you, isn’t it?"
To me, it's not about to tax or not to tax, it's about not wasting our money. How much is this war in Iraq costing a day? Now that would be an enormous tax cut for all if we saved that money! Better yet, the government could keep it but instead of pissing it away on things like a lunatic war they could actually fix social security, health care, education, homeland security, etc. Now that's an idea!
I realize this problem did not start with the Bush administration - it's been around a long time, but any idiot knows when you raise your expenditures by an inordinate amount you MUST raise your income. So how do so many Republicans, who are supposed to fiscally responsible (ha!), justify both cutting taxes AND increasing spending? It couldn't be dumber.
I, too, would prefer sensible spending. I think most people don't mind taxes so much if the money is used wisely, instead of being wasted on crap. And, while the republicans like to chastise the democrats as "tax-and-spend", their "borrow-and-spend" methods are even worse.
Cuts for "more taxpayers" that are "less costly"? That's code for the tax "cut" won't be anything substantial. s
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