Wednesday, 21. February 2007
Topic: POLITIK - on February 21, 2007 at 1:36:00 PM CET
Maybe We Deserve to Be Ripped Off By Bush’s Billionaires
Not only does it make many of Bush’s tax cuts permanent, but it envisions a complete repeal of the Estate Tax, which mainly affects only those who are in the top two-tenths of the top one percent of the richest people in this country. The proposed savings from the cuts over the next decade are about $442 billion, or just slightly less than the amount of the annual defense budget (minus Iraq war expenses). But what’s interesting about these cuts are how Bush plans to pay for them.
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