Bending the Third Rail
Because We Should, We Can, We Do
Wednesday, May 10, 2006
More Tax Cuts
for the wealthy.

House and Senate Republican negotiators reached a final agreement yesterday on a five-year, nearly $70 billion tax package that would extend President Bush's deep cuts to tax rates on dividends and capital gains, while sparing about 15 million middle-income Americans from the alternative minimum tax.
-----------

But with the budget deficit still expected to exceed $300 billion this year, despite a strong economy, opponents say the government cannot afford to add $70 billion more over the next five years.

"The point is the preponderance of these revenues will go to upper-income people, people who make a million dollars or more," Sen. Olympia J. Snowe (R-Maine) said yesterday. "It's a question of priorities."

----------

Critics maintain that those tax cuts have overwhelmingly benefited the wealthy, while budget cuts target programs for the poor to close a deficit created largely by tax cuts totaling nearly $2 trillion since Bush took office.

I really believe the goal of the neocons is, as Grover Norquist once said, shrink government down to a size where you can drown it in a bathtub. They are doing a good job so far. Once the government is crippled, who is there to step up? Corporations. This administration has managed to privatize almost every segment of our government in some form. I don't know about you, but I don't want to live in a corporate run, Ayn Randian type of world but that is precisely where we are headed.

VOTE THESE FUCKERS OUT!