More relief for struggling millionaires

[Yo_Mama_Been_Loggin]

If you thought the current Bush tax rate rewarded the wealthy, wait until you get a load of his administration's latest plan.

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By Michelle Goldberg



Nov. 20, 2004 | Liberal policy wonks -- and even some who aren't so liberal -- did a double take when they read the new tax plan floated by the Bush administration in the Washington Post on Thursday. Was the White House really suggesting eliminating incentives for employers to offer their employees health insurance plans? Was it really proposing to shift the country's tax burden even further onto states that didn't vote for Bush, like New York and Massachusetts?

It was.

The Post reported that according to White House advisors, the Bush administration "plans to push major amendments that would shield interest, dividends and capital gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth."

The plan would further shift the tax burden off of people whose money comes from interest and investments -- the very rich -- a prospect that liberals find disheartening but not surprising. But what really caught financial experts' attention was the next paragraph, which explained how Bush intended to pay for these tax cuts.

"The changes are meant to be revenue-neutral," the Post explained. "To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said."

http://www.salon.com/news/feature/2004/11/20/tax/index.html

[OhioChick]

1. Lovely......

:crazy:

[gulfcoastliberal]

2. Bush needn't worry, his pal Harry will make sure his bills are

rammed through just the way Georgie wants them. We are completely fucked. If you thought Daschle was an appeaser, wait till you see Reid in action. We've already been sold down the river by our own party.

[Bozita]

3. The race to the bottom continues

The middle and working classes are in the lead.

[Warpy]

4. Remember your Bush loving friends and family

and wait for them to complain that their insurance premium is now paid completely by themselves and nothing is coming from the company any longer, if they even HAVE health insurance left, and remind them "THIS IS WHAT YOU VOTED FOR!"

Every time some disaster like this happens to working folks, keep reminding them that they voted for it. Do NOT let any of them get away with a single complaint.

Keep hammering it in and just maybe it will start to dawn on them: THEIR WAY DOESN'T WORK!

[hatrack]

5. Couldn't agree more

No time like now to remind those who support the "Party Of Personal Responsibility" to take responsibility for their votes, and if they're having problems with making their insurance premiums/house payments/tuition bills, that they're welcome to SHUT THE FUCK UP.

[ninkasi]

6. Isn't helping working Americans

have health insurance a value? Why should we citizens be forced to give up even more to give the rich, who don't need it, more than they already have? I'd like to know just exactly which of their so-called values this aids.

The only possible way to stop this is by fighting back. I intend on letting everyone within listening distance know just exactly how corrupt Repuke values are. One thing we need to be asking when any legislation is proposed by Herr Busch is...who does this help? All that have been passed so far favor corporations, religious institutions, or the military.

I'm sick and tired of having congresspeople who never seem to find the spine to represent us. We need to let them know now that if they don't fight for us now, we won't vote for them in 2006. Pretty soon, lots of people are going to wonder if it's worth the time, energy, and money to help elect people who turn their backs on us once in office.

[Erika]

7. Bush Is Of the Rich, By the Rich, And For The Rich

aka corporate globalism.

[Erika]

8. And There Is Nothing Christian About It

I keep wondering when practicing Christians will wake up to the evil of Bushco and their war on the needy.

[Old and In the Way]

12. I can already see the Republican strategy.....it's all out war on us

heathens. They are cranking up the rhetoric to a level I have never seen. They can only survive is if they can convince their base that we are the problem....while they are stealing them blind.

[DELUSIONAL]

9. New way to tax the middleclass and not-so middle class working folk

Which means people will have less money to buy all the junk being imported and made here in the US because more money will be paid for health insurance.

Just a new tax -- that's all.

Eventually we will all have to decide -- home or living in a one room worker's unit, a car or living in a one room worker's unit. Food or health insurance premium.

[AP]

10. Republicans are psycopaths. I don't mean that as a distraction from the

issues. I mean, they are psycopaths.

[Old and In the Way]

11. This will make the blue states bluer.....

"the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance"

Wow....these people really are trying to destroy the middle class. Totally amazing. I guess they assume none of their church-going values people understand tax policy. May they gorge themselves to death on their trough feeding.

[jackster]

13. we're doomed

unless of course we rise up and take this fucking country back...

what's it going to take?

[Old and In the Way]

15. I honestly don't know.

The Republicans seem to be changing all the rules unilaterally....maybe we just stop playing the game entirely. Like maybe we all decide to our federal income taxes. Maybe that would get their attention.

[high density]

14. Ah those pesky taxes on dividends, capital gains, and interest

I know a very well off Republican who would pay nearly no federal income taxes per year if these fools eliminate the taxes on dividends, capital gains, and interest. It sounds about right since this person already received a few thousand dollar tax cut from Dumbya that ultimately went toward helping him earn more dividends and interest.

[jackster]

17. jackster

:mad: :puke: :cry:

don't know what to do....

i go from one emotion to the other all day long these last couple of weeks..

the past few days though, it's a little different. as i begin to see what bush has in store for us... often my blood runs cold and i feel just empty

[da_chimperor]

16. That is fucking inhuman. Oh my fucking god. I am so FUCKING PISSED!

What will they stoop to next? Kidnapping homeless people and harvesting their organs to sell on the black market? Selling chemical weapons to dictators? Doubling the lowest tax bracket? Turning the grand canyon into a nuclear waste dump? Where does this lunacy stop? THOSE WORTHLESS PIECES OF SHIT! DO THEY HAVE NOT A SHRED OF DECENCY OR MORALS! GRRRRRRRRRRR! :grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr::grr: Okay, I'm ready to take up arms now . . . so I'm going to drink some vodka and try to calm down. If it doesn't work . . . I'm looking into buying an assault rifle for some "protection".

[struggle4progress]

18. But who's looking out for the billionaires? eom

[daleo]

19. "No millionaire left behind"

It will become more difficult for the average person to put food on their family.