And what about the people Senator Grassley compared to Hitler, those who say that the wealthiest 1 percent of Americans will receive 40 percent of the tax cuts? Although the "Tax Relief Kit" asserts that "nearly all of the tax cut provisions" are already in effect, that's not true: one crucial piece of the Bush tax cuts, elimination of the estate tax, hasn't taken effect yet. Since only estates bigger than $2 million, or $4 million for a married couple, face taxation, the great bulk of the gains from estate tax repeal will go to the wealthiest 1 percent. This will raise their share of the overall tax cuts to, you guessed it, about 40 percent.
Well, he covered his butt.......when Babs and GH die, GW won't have to pay any estate taxes.
Again, the point isn't merely that the Bush administration has squandered the budget surplus it inherited on tax cuts for the wealthy. It's the fact that the administration has spent its entire term in office lying about the nature of those tax cuts. And all the world now knows what I suspected from the start: an administration that lies about taxes will also lie about other, graver matters. <?I>
Now that hindsight is 20/20, you can see exactly how everything works.......the GOP has spent years discrediting the NY Times and other mainstream media for one specific reason: when they print info like in the article by Krugman, their faithful won't believe it. These people are beyond corrupt.......they are like slugs......nope, that's unfair to the slugs. They are despicable. |
