• Home


  • American Entropy is dedicated to the disruption and discrediting of neoconservative actions and the extreme ideals of the religious right.


    Add to Technorati Favorites

    Top Blogs

    My Zimbio



    Get Firefox!


    10 May 2006

    GOP Tax Plan

    AddThis Social Bookmark Button
    This from the WaPo could use some discussion
    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.

    Middle-income households would receive an average tax cut of $20 from the agreement, according to the joint Urban Institute-Brookings Institution Tax Policy Center, while 0.02 percent of households with incomes over $1 million would receive average tax cuts of $42,000.

    The tax agreement would cut revenue to the Treasury by $90 billion over the next five years, but other measures would raise about $21 billion -- for a net loss to the Treasury of about $69 billion. By keeping the total five-year cost below $70 billion, negotiators satisfied arcane Senate budget rules, thus protecting the package from a filibuster and ensuring passage with a simple majority.

    I just don't understand this. How is this acceptable by any standard; how can America collectively accept this? Is it the trickle down theory?

    Yeah, trickle right out of the country.

    Posted by Geoff

    Links to this post:

    Create a Link



    Google

    AddThis Feed Button

    Subscribe in NewsGator Online


    B l o g R o l l




    Archives