The Grover Norquist Wet Dream Continues
The insanity must stop. This is not an accident and not a mistake. As Grover Norquist put it “My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub.” That is what this is all about, starving the government so that these radical conservatives can get rid of any social safety net in this country. They despise it and don't believe in it, if they tell you different, they are lying.
“The House passed a two-year extension of the 2003 tax cut on capital gains and dividends Thursday, but the difficulty Republicans have had pushing through such a core element of President Bush's economic program illustrated the political and fiscal problems the party now faces.
The debate often turned raucous and sarcastic, as Democrats pounded Republicans for extending a tax cut for wealthy investors just three weeks after trimming programs for the poor to rein in budget deficits.
Rep. Jim McDermott, D-Wash., pulled out two red Christmas stockings labeled rich and poor, taking packages from the poor stocking and adding it to the rich, until he reached a lump of coal.
"What might be left down here for poor people?" he asked, digging to the bottom of the stocking. "Look at that! A lump of coal. Poor people better save that lump of coal because there's nothing in here for heating bills, and all they're going to have to heat their house is the lump of coal the Republicans put in the poor people's sock."
Democrats pushed a $45 billion, five-year tax-cut package, which left out the extension of the capital gains and dividend tax cuts, but otherwise largely mirrored the host of special tax subsidies in the Republican bill. Democrats claimed that their bill would not increase the deficit because it also called for rolling back Bush's tax cuts for those earning more than $500,000 a year. “
The idea that Democrats would offer any kind of alternative is just disgusting. These tax cuts have created the defecit we are in they need to be abolished and we need to go back to the tax rate we had in 2000 before Bush was elected, I mean appointed.
Read about it here.
“The House passed a two-year extension of the 2003 tax cut on capital gains and dividends Thursday, but the difficulty Republicans have had pushing through such a core element of President Bush's economic program illustrated the political and fiscal problems the party now faces.
The debate often turned raucous and sarcastic, as Democrats pounded Republicans for extending a tax cut for wealthy investors just three weeks after trimming programs for the poor to rein in budget deficits.
Rep. Jim McDermott, D-Wash., pulled out two red Christmas stockings labeled rich and poor, taking packages from the poor stocking and adding it to the rich, until he reached a lump of coal.
"What might be left down here for poor people?" he asked, digging to the bottom of the stocking. "Look at that! A lump of coal. Poor people better save that lump of coal because there's nothing in here for heating bills, and all they're going to have to heat their house is the lump of coal the Republicans put in the poor people's sock."
Democrats pushed a $45 billion, five-year tax-cut package, which left out the extension of the capital gains and dividend tax cuts, but otherwise largely mirrored the host of special tax subsidies in the Republican bill. Democrats claimed that their bill would not increase the deficit because it also called for rolling back Bush's tax cuts for those earning more than $500,000 a year. “
The idea that Democrats would offer any kind of alternative is just disgusting. These tax cuts have created the defecit we are in they need to be abolished and we need to go back to the tax rate we had in 2000 before Bush was elected, I mean appointed.
Read about it here.
posted by Scott at 8:52 AM
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