Happy Tax Cut and Merry Christmas Too
The House of Representatives voted today to extend President Bush's capital gains and dividends tax cuts. The tax cuts, which will reduce tax revenue by about $56 billion over five years, comes shortly after cuts in food stamps, education, and such to the poor amounting coincidentally to about $56 billion over five years.
The Bush economic recovery, the worst since World War II, will continue to be fueled by giving money to those who won't spend it, since they don't need to, at the expense of those who would spend it, since they must.
Welcome to the ownership society. That is, if you own something. If you don't own something, then welcome to trickle down economics.
2 Comments:
My goodness, I don't know what to say about the two cuts and how they complement each other -- so to speak. I'm flabbergasted!
The stuff of Dickens my friends; the stuff of Dickens.
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