“To keep this economy growing, we will have fiscal discipline in Washington, D.C. To keep this economy going, the tax cuts must be permanent.”
And Bush is giving Tax Cuts to the Top 10%… the wealthiest Americans (who are good people, shit, give me a minute, this isn’t Class Warfare)
This breakdown of the Tax Cut plan is from Citizens for Tax Justice. The Top 1% gets $53,000 to $58,000 according to them. It seems to be a pretty straightforward reading of the law that was passed, but correct me if you find a better source.
So, tax cuts for the Wealthy.
Is that good or bad Economics? I don’t know.
We are in Debt. So the tax cuts are coming off the Credit Card.
And, as far as I can tell, Japan now owns the Statue of Liberty. America does borrow the money from somebody, you know, and the money gets paid off by future taxpayers. So, America is weak economically just as China and India are coming up hard. You best watch itself, or you’ll be eating noodles and watching Shah Rukh Khan on MTV. Seriously, economies change. If some shit goes down it’s not good to be in debt.
Source: US Treasury
Oh yeah, and we’re at War. On two fronts. And that costs, oh, $80 billion dollars a year ($87 in the last appropriation).
I prefer Kerry or Edwards plan of rolling back taxes to Clinton levels, and giving more Tax Cuts to the Middle Class. The money can buy Body Armor for the troops (God Bless Them). Seriously, I grew up in Ohio and it’s kids my age that are in Iraq. I wish them all the Safety and Comfort in the world, and for their families too.
PS. If you think I’m completely wrong, I’m only one person. I’m just a 21 year old kid who reads the news way too much. Don’t listen to me. My opinion is weak, but I think the data is strong. I you think I’m wrong do the research, and show me your data. I’d love to see it.
The way I see it, America is in Debt, the Tax Cuts cost money, and the War on Terror costs money. The way I see it something’s got to give. I’d rather give up Tax Cuts than the War on Terror, but what do I know?
PPS. With Kerry or Edwards I think America can be prosperous again.