Tuesday, March 13, 2007

The party of pandering to rich people

Unprecedented tax cuts have been offered to the mega rich during a time of war.


The wealthiest stratum of Americans - an estimated 200,000 people earning more than $1m a year - accounts for barely 1% of US taxpayers, according to figures from the internal revenue service.

However, poverty action groups say the freeze will take away $3bn from programs that directly benefit lower-income groups at a time of recession.

They singled out a $300m cut to a program to help poor families with heating fuel costs.

"At a time when some people badly could use help, Mr Bush's tax cut mostly will help those who need it least," a leader comment in the Washington Post said yesterday.

Though only 1% of the population these people enjoy massive tax cuts during a war and a massive deficit. A littleblueballs correspondent has said that this is of course nothing to do with party funding.


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