Here we go again, another tax cut for the rich …

This post was written by marc on May 10, 2006
Posted Under: Letters to the Editor

Letter to the Editor

As President Reagan used to say, “Here we go again!” The Republicans just passed another big tax cut for the rich which will be paid for by borrowing another 70 billion dollars from Communist Chinese and Saudi billionaires like the bin Laden family. This tax cut of course benefits everyone we are told. If you make $30,000 a year you save $9. But if you make a million dollars a year you save $42,000. Gone are the good old days when Republicans talked about a balanced budget and how we are going to spend the surplus. Now it’s just borrow and spend without any sense of fiscal responsibility.

Reader Comments

It’s all relative. That much money means about as much to a millionaire as $9 means to a poor person.

Written By Richard on June 21st, 2006 @ 3:50 pm

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