As it turns out, the new GOP-spawned hybrid tax bill mentioned yesterday offers even more to the wealthy (and less to the poor) than Dubya’s dividend debacle. Why am I not surprised? If the Republicans keep prostrating themselves before the filthy rich like this, that giant sucking sound you hear will be the GOP moderates defecting en masse a la James Jeffords, who’s now comfortably ensconced in the Democratic leadership.
Category: Taxes
Grey Poupon Economics.
Conceding defeat on the full dividend debacle (while still planning evasive maneuvers to make sure it’s as large as possible), the Congressional GOP now shift their focus to another Republican shibboleth: a capital gains cut. One way or another, it seems, the GOP are hell-bent on ensuring that the wealthiest Americans catch some kind of break from the Dubya dip.
Time Bandits.
With the House GOP prepared to make a deal with moderates, the White House unrolls a new pitch for the “future-embezzling” Dubya dividend debacle. Arguing that bigger is better on the assumption that there’s a 1-1 relationship between low taxes and more jobs, Dubya’s simplistic proposition has even ticked off GOP economists. (As one Republican put it when queried whether Dubya’s fuzzy math makes sense, “I suppose it matters whether you think economics matters.”) Meanwhile, Bill “kittenkiller” Frist takes the blame for congressional in-fighting on the size of the tax cut.
A New Enemy.
Toning down on the Syria talk, the Bushies instead decide to invoke their post-Iraq mojo to launch a sneak attack on the economy, vis a vis the now phased-in Dubya Dividend Debacle. It’s not conservative to give out tax handouts to the rich during a time of exploding deficits, y’all. It’s radical.
Blast from the Past.
With the war in Iraq wrapping up, former President Clinton derides the failures of Dubya’s amateurish diplomacy. “Our paradigm now seems to be: something terrible happened to us on September 11, and that gives us the right to interpret all future events in a way that everyone else in the world must agree with us.” He also takes time to call out the recently-lowered but still-lousy Dubya tax cut. Hopefully, this’ll serve notice to the other Dems (besides Kerry) to get off the fence and release the hounds.
Fuzzy Math.
After the GOP punts on the tax plan (assuming a post-war Bush will have the leverage to push the bigger tax cut), the House passes a budget blueprint featuring record deficits. That’s just brilliant. Y’know, I wouldn’t hire these guys to run a Seven-Eleven.
No Representation with Taxation.
While still desperately in denial about the nation’s exploding debt, the GOP has, as expected, gone to war against its own moderate wing and threatened to sink the budget, in the hopes of preserving Dubya’s $726 billion tax giveaway. This is despite the fact that the Daschle Dems have in essence already capitulated again, agreeing to pass an equally wrong-headed compromise plan half that size. Sigh…the Dems really have to get it together. At any rate, hopefully moderate Republicans will take DeLay’s budget blackmail for the desperate, dangerous gamble it is and call him on it. Nothing screams GOP these days quite like a government shutdown.
GOP Uprising?
It appears the halved tax cut is only the beginning of Dubya’s domestic woes. As the war rages in Iraq, the Bushies’ homeland agenda comes under increasing scrutiny from GOP moderates, who are unwilling to buy the argument that American troops desperately need estate tax relief. Hmmm…I wonder if Ari and the gang will go so far as to paint members of their own party as unAmerican. Can’t say it’s beyond the realm of possibility.
Taxing Times.
Despite the administration’s attempt to use the war to promote tax cuts, the Senate does the right thing and slashes Dubya’s tax giveaway in half. As I said last week, it’s almost obscene to even consider this type of deficit-busting sop for the rich when America’s fighting men and women are laying their lives on the line. In times of war, even (gasp!) the affluent must bear their share of sacrifice.
Unfortunate Sons and daughters..
The party of sacrifice? Get your priorities straight. As Ari Fleischer warns America to expect American casualties in the coming conflict, the Republican Congress promises the Iraq war will have no bearing on tax cuts. As CCR put it, Some folks are born silver spoon in hand,
Well, they help themselves, yeah. Then as now, the poor may lose their sons and daughters, but the rich will get their rebates.
Regarding another recent facet of GOP hysteria, I know it’s fun to pick on the French, what with the Maginot Line and the Rainbow Warrior and all that. But next time you hear some idiot like Tom DeLay say the French are good-for-nothing, remember Lafayette. The fact of the matter is, we would never have gained our freedom (or our freedom fries) without the aid of the French during our Revolution. Something to consider before our former Gallic friends are written out of the history books in a fit of revisionist patriotism.