Tuesday, May 23, 2006

 

GOP defense of tax cuts for the wealthy

After last weeks news that a taxpayer earning $40,000 will get a whopping $17 tax cut while those earning over a one million dollars will receive a tax cut of over $42,000, we now hear the GOP reasoning behind their huge tax cuts for the wealthy.

Republican House Majority Leader Dennis Hastert from the floor of the House of Representatives: Link
"well, folks, if you earn $40,000 a year and have a family of two, you don't pay any taxes. So you probably if you don't pay any taxes, you are not going to get a big tax cut. Now, if you earn $1 million a year, you are going to pay about $400,000 of taxes. Maybe you'll get a $40,000 tax cut ..."

How's that for a kick in the gut to the working class families of our nation? To those readers earning $40,000, or $20,000 or $60,000 for that matter, this is just another example of how Bush/GOP enablers like Sue Kelly favor the very wealthy over the working/middle class. They say that you pay no taxes. They think that you have it sooooooo good and need no relief and that the very wealthy are hurting and need a shot in the arm to overcome their struggles.

This is the kind of leadership that Sue Kelly enables and supports. This is the reason we must replace her with someone who represents the interests of her constituents and not just the interests of the wealthy and big business.

Comments:
A family of four may pay no income taxes - but what about FICA taxes, sales tax, gasoline tax?

Oh, I forgot, if you only make $40,000 and have two children, you probably can't afford a car and have no money to buy anything beyond rent, medical care and food, so you "save" on taxes there too!

Gosh, that Sue Kelly, she thinks of everything! She is a heck of a gal, helping out the $40,000 a year family's tax situation by leaving them so little to spend and providing them so few services. After all, the government can't afford to provide those services because Sue gave $40,000 plus tax give-backs to millionaires!
 
Dialog overheard between Sue Kelly (SK) and Constituent (C):

C: Wouldn't it be great if we had no taxes at all. Everyone would have more money and we would not have to fill out those annoying forms every year.

SK: Yes, you are absolutely right. That would be ideal. And we Republicans are working toward that goal. We run on cutting taxes every year and soon there will be no more taxes to cut.

C: But are you sure we could get the money to pay the people who work in the govt. and for things like tanks that we buy?

SK: Obviously that is not a problem today and there is no reason to believe it will be in the future. We borrow from people in places like Japan, China, and Korea and that gives us the money to run the govt.

C: That's a great deal. We can spend a lot each year and no American has to pay for it. Somehow I think there might be catch in there. Do you think people might stop lending us money when they see the debt and interest payments piling up and they get afraid they will not paid back.

SK: No risk of that at all. Japan, Korea, and China all know that we can always pay them back by borrowing from them. Besides they have to do something with all those dollars they get when we buy cars and things at Wal-Mart from them. Also, America would be very angry if they stopped lending to us. It is a great deal for everyone.

C: Have you ever heard of a guy named Ponzi?

Bill
 
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