Solomonster

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Thursday, November 18, 2004

Paying For Corp. Welfare

Absolutely shocking. How many millions of you voted for this shit reported by the Washington Post?

Instead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

This move is very simple: Give money away to corporations by taking it from people's Income and people's health insurance. Come on, I just got up and this is what I have to look at?

I'd ask 'Since when did corporations become more important than people', since this is exactly and unequivocally what this means, but I know better that to ask stuff like that. Since always. :-(

I'm thinking I'd better start getting reacquainted with my own local politics, there's plenty of it.

posted by Charlie # 11/18/2004 08:29:00 AM

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