Friday, May 16, 2003

Millionaires Rejoice!


Dubya, Poppy, Uncle Dick and other BushCo shareholders are overjoyed. The Senate passed a bogus tax bill last night. They claim that the bill was less than half of what the BushCo Administration wanted, but they don't tell you that they are only including three years of diviidend tax cuts in the 10 year plan.

They came up with fake numbers to try to make both sides happy. The Senate bill includes a "sunset" provision for the dividend tax cut. This means that after the three years that part of the bill would expire unless it is renewed.

I haven't seen any numbers that figure the real cost of the Senate bill (with the dividend tax cut figured for the full ten years), but I would guess that it is at least as big as the House bill.

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