$1.35 Trillion Dollar Tax-Cut
February 20th, 2006 | by Paul Merda |If Dear Leader gets his way and the 2001/2003 tax cuts are made permanent, it will cost the Treasury $1.35 Trillion over a decade or for the mathematically challenged, an average of $135 billion a year. The interesting part is, the budget just submitted to Congress already counts this tax cut as permanent so that none of the figures consider what this money could do if it wasn’t cut. The effect of this according to Center on Budget and Policy Priorities will be that “legislation to make these tax cuts permanent will be scored as having no cost whatsoever.” No costs indeed, just ask the college students whose loans will be higher interest or the people who are on Medicare who will now have to come up with more money for healthcare needs. Once again this shows that the GOP way is to take more from the least of our brethern and give it to those on top….tax cuts benefit the wealthy, spending cuts hurt the least fortunate. Compassionate Conservatism indeed!
One Response to “$1.35 Trillion Dollar Tax-Cut”
By steve on Feb 20, 2006 | Reply
I don’t know what your talking about, interest rates are very low historically for student loans. I know when I left school my interest rates were 8%. I think they are like 2% now! That’s huge. Maybe I can use that education to get me a better job that pays my health insurance when I retire so I don’t need Medicare. Imagine that. Having a goal to be self sufficient and not on a government hand out after my student loans vs. not getting an education and retiring without shit.
You libs sure like paying taxes!