11.09.2003
Duty Now For The Future
The Bush tax cuts are bleeding the states dry. Spending is not the culprit.
Treasury Department figures show that actual corporate income tax revenues fell to $132 billion in 2003, down 36 percent from $207 billion in 2000.
As a result of these low levels, corporate revenues in 2003 represented only 1.2 percent of the Gross Domestic Product (the basic measure of the size of the economy), the lowest level since 1983, the year in which corporate receipts plummeted to levels last seen in the 1930s.
Corporate revenues represented only 7.4 percent of all federal tax receipts in 2003. With the exception of 1983, this represents the lowest level on record (these data go back to 1934).
Do you want your kids to have a day cut out of the school week so rich folks can pay less taxes?
Here are some figures Jim Hightower points out:
67 percent would prefer to have more spending on such needs as education and health care than to have Bush's latest tax cut. (ABC/Washington Post).
By a two to one margin, the public thinks that Bush's tax plan will benefit the wealthy, not all Americans (NBC/Wall Street Journal).
If there's to be a tax cut, 58 percent think it should be targeted to middle-income and low-income folks, while 40 percent think taxes should be cut equally for all income brackets -- I'm not great at math, but I think that leaves only 2 percent thinking it's a good idea to target tax cuts for the rich, as Bush is doing (Pew Research Center).
Instead of federal funds being given away as tax cuts, 74 percent prefer that the money be used to stabilize Social Security (FOX News).
Please read the above links.
This is "class war". Those who can buy politicians can dictate policy, while the majority of America gets screwed.
The pretender in the White House increased the "acceptable" amount of arsenic in our drinking water for his corporate funders as one of his first moves in office. He has moved to take away overtime pay for many of us.
See what our troops have to say about the conditions our AWOL pResident has subjected them to. He does not even honor them in death.
Are we a people ready to get off our asses, put our bodies on the line for Democracy? For a livable world for our children?
Our Presidency and our country were stolen on a cold night in November 2000. We watched TV, let it happen.
Share all you learn.
11/09/2003
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