Study: Bush Tax Cuts Cost More Than Twice As Much As Dems' Health-Care Bill

[Donnachaidh]

http://crooksandliars.com/susie-madrak/study-bush-tax-cuts-cost-more-twice-m

Just as relevant today:



Citizens for Tax Justice point out what I was saying just the other day: We only hear all this crying and moaning about the deficit when it's something for regular working people, and not a powerful lobby. And of course, the Republican'ts are right out there in front of the Hypocrisy Parade:

And yet, many of the lawmakers who argue that the health care reform legislation is “too costly” are the same lawmakers who supported the Bush tax cuts.

Their own voting record demonstrates that health care reform is not a matter of costs, but a matter of priorities.

It’s difficult to see how the Bush tax cuts could provide us with two and a half times the benefits of health care reform. In 2010, when all the Bush tax cuts are finally phased in, a staggering 52.5 percent of the benefits will go to the richest 5 percent of taxpayers.

More at the link --

[rfranklin]

1. It's an illustration of the real "class war"

It's an income transfer that most Americans do not grasp. They have to be misdirected so they ignore this--"hey buddy, you're not making money because the blacks are getting it because of affirmative action!" and "you don't have a decent job because of all those damn illegal aliens!" And it works, because the masses go along with this hogwash and the bandits at the top escape scot free.

[chill_wind]

2. K & R.

[dkf]

3. Yet getting rid of the Bush tax cuts will hit middle/lower class families hardest

because they will have more pain from getting rid of the extra $500/child and the 10% bracket.

I bet this board will be the first to go nuts if they actually get rid of the whole Bush tax cut.