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Bush Tax Breaks for Rich = US Debt to Communist China

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Phred42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 05:59 PM
Original message
Bush Tax Breaks for Rich = US Debt to Communist China
Sorry if this has already been posted. This is too good not to make sure


Tax Day Gifts for the Rich

http://www.opednews.com/articles/opedne_holly_sk_080415_tax_day_gifts_for_th.htm

The richest 1 percent of Americans received about $491 billion in tax breaks between 2001 and 2008. That's nearly the same amount as U.S. debt held by China -- $493 billion -- in the form of Treasury securities. Do you want our government to mortgage more of our nation's future to finance tax breaks for the rich?

When it comes to cutting taxes for the wealthy, President Bush can truly say, "Mission accomplished."
The richest 1 percent of Americans received about $491 billion in tax breaks between 2001 and 2008. That's nearly the same amount as U.S. debt held by China -- $493 billion -- in the form of Treasury securities.

Do you want our government to mortgage more of our nation's future to finance tax breaks for the rich?
Tax cuts have already helped the richest 1 percent -- whose annual incomes average about $1.5 million -- increase their share of the nation's income to a higher level than any year since 1928 on the eve of the Great Depression.

more........


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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 06:01 PM
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1. The tax breaks weren't even reinvested in the economy. They were
used for speculation of the markets. How'd that work out so far?
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slor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 06:27 PM
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2. Thanks for posting...
I wish every American could really see the damage the chimp and his masters have done.
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