GW’s True Constituency
Another interesting New York Times article (Senate Approves 2-Year Extension of Bush’s Tax Cuts – May 11, 2006)
The Republican-controlled Senate voted 54 to 44 to approve $70 billion in tax cuts benefiting, no surprise here, the country’s wealthiest taxpayers.
To put it in perspective, here is an excerpt from the NY Times article:
The overwhelming share of the tax cuts the Senate voted to extend will flow to the wealthiest taxpayers. People earning $1 million a year would save about $42,700, and reap about 22 percent of the total tax cut, according to the Tax Policy Center, a research group in Washington. People earning $40,000 to $50,000 a year would save about $47 and receive less than 1 percent of the benefits.
I think, just maybe, that the folks that voted for GW and the Republicans in Congress may finally be realizing that they’ve been taken to the cleaners. Unless you are among the tiny percentage of Americans who’s income is more than $1 million per year, you are getting royally screwed.
GW came into office with a budget surplus and we have had nothing but disasters of every kind ever since. We now have the largest budget deficits in history, GW’s self-inflicted war in Iraq is costing us $100’s of billions per year, more than 2,000 US soldiers and marines have died, Home Land Security is a laughing stock, Osama is still out there, and oh, by the way, GW and his Republican buddies in the House and Senate are going to leave office having made sure that they and their wealthy cronies won’t have to pay for it… The average US taxpayer will.
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