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Monday, April 05, 2004 |
bubbles
NYTimes' Maureen Dowd Sez • GWB Has Always •• Lived In
Bubble Reality
"In the Bush alternative universe of eternal sunshine, where the
environment is not toxic and Medicare is not a budget buster,
body bags and funerals just muddy the picture.
Bush strategists say that good or bad Iraq news is still good for
Mr. Bush; they think scenes of desecration will simply remind
voters of his steely presidential resolve.
The Bushies are busy putting a retroactive glow on their
terrorism efforts, asserting that their plan was more muscular
and "comprehensive" than Mr. Clinton's. To support that
Panglossian view, they held back a load of Clinton documents
on terrorism from the 9/11 commission.
If we can't take a cold, hard look at reality, how can we protect
ourselves from terrorists? And how can we rescue Iraq from
chaos? Now we're told the military is preparing an
"overwhelming" retaliation to the carnage in Falluja. You can
hear the clammy blast from the past: We're going to destroy
that village to save it."
LINK: Mired In A Mirage
2:51:36 AM
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dance
The Great Extreme Regime • Texas Two Step • Tax Dance ••
Revealed By Newsweek
"The blather from both sides obscures the real, but largely
hidden, agenda behind the Bush tax cuts. Bush has been open
about each item he wants: lowering taxes on capital income,
such as dividends and capital gains; creating two big new
income-sheltering investment plans; eliminating the estate tax.
But he's not been at all forthcoming about the ultimate effect of
his program. If Bush gets what he wants, the income tax will
become a misnomer—it will really be a salary tax. Almost all
income taxes would come from paychecks—80 percent of
income for most families, less than half for the top 1 percent.
Meanwhile taxpayers receiving dividends, interest and capital
gains, known collectively as investment income, would have a
much lighter burden than salary earners—or maybe none at all.
And here's the topper. In the name of preserving family farms
and keeping small businesses in the family, Bush would
eliminate the estate tax and create a new class of landed
aristocrats who could inherit billions tax-free, invest the money,
watch it compound tax-free and hand it down tax-free to their
heirs.
By drastically favoring investment income over salary, fees and
other "earned income," Bush would make it harder for people
who start out with nothing to earn their way up the economic
ladder, because they'd pay full taxes on almost everything they
make, but he'd shower rewards on people who have already
made it to the top rungs."
LINK:
Your Tax Cut •• Doesn't Add Up
2:49:26 AM
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