Tuesday, May 23. 2006
Clueless in Washington
You think the Republican Leadership understands reality in America?
This is American economics according to House Speaker Dennis Hastert:
And they REALLY BELIEVE this crap. Analyze the cost/benefit balance of a $4000 tax cut going to a guy earning $40k, vs. a $40,000 tax cut going to the millionaire. The working stiff gets a 10% raise and it costs the american taxpayer 1/10th of the largess to the millionaire.
This is American economics according to House Speaker Dennis Hastert:
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 ...
And they REALLY BELIEVE this crap. Analyze the cost/benefit balance of a $4000 tax cut going to a guy earning $40k, vs. a $40,000 tax cut going to the millionaire. The working stiff gets a 10% raise and it costs the american taxpayer 1/10th of the largess to the millionaire.
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