As we embark on war in the Middle East and the states grapple with their worst fiscal crises in a generation, Dubya moves once again to protect the wealthy by eliminating taxes on dividends, despite the minimal effect it’ll have on economic growth. Typical. I’ve wondered aloud (10/12) about the double taxation on business profits before, but that was in better times, before Dubya blew out the economy with his deficit-exploding tax plan of 2001. (Speaking of which, thanks for the 300 bucks. It changed my life.) Given our dire economic situation and wartime footing now, it’s almost criminal to eliminate dividend taxes to aid stockholders, particularly when high payroll taxes continue to consume the balance of working Americans’ paychecks. (Of course, Dubya plans to pay for all this by freezing all domestic spending except homeland security.) Absolutely ridiculous…How out of it can you be? What will this plan do for the millions of Americans who don’t play the stock market? Are they suppose to pay for the war in Iraq while the wealthiest Americans watch their bank accounts grow? I swear the Monopoly guy must be taking meetings with Karl Rove somewhere in the West Wing.
Category: Corporate Welfare
Lest we forget.
The Corporate Scandals of 2002. You know, the ones that were all over the news before Saddam began his unchecked aggression again. Wait a tic…when did Saddam…? Now I’m confused.
Homeland (and Corporate) Security.
John McCain joins the Dems in fighting the Homeland Security Bill, mainly because it has swollen 450 pages since election day with ridiculous helpings of GOP pork. Looks like the only entities with security in Dubya’s universe are pharmaceutical companies and the anti-terrorism industry. Update: Despite McCain’s vote, the Dems lose again. (Mary Landrieu, Ben Nelson, and Zell Miller voted with the GOP, as did Wellstone’s current replacement, Dean Barkley.)