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Ear to the Ground

And to No One’s Surprise ...

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Posted on Jan 8, 2007
Plutocrat

Families earning more than $1 million per year saw a greater drop in federal tax rates than any other group in the country—thanks to Bush’s tax cuts, according to a new nonpartisan congressional study.

We’re shocked. SHOCKED!


N.Y. Times:

WASHINGTON—Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new congressional study.

The study, by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline.

Based on an exhaustive analysis of tax records and census data, the study reinforced the sense that while Mr. Bush’s tax cuts reduced rates for people at every income level, they offered the biggest benefits by far to people at the very top—especially the top 1 percent of income earners.

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By John H, January 8, 2007 at 5:35 pm Link to this comment
(Unregistered commenter)

“This is an impressive crowd—the haves and the have mores. Some people call you the elite—I call you my base.”

GWB and “the base” (His personal Al-Queda apparently) are waging their own acts of terror, that is their “class jihad” against those of us who aren’t millionaires.
Two more years (or hopefully less) and this nightmare is over…

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By HeadlessHessian, January 8, 2007 at 5:29 pm Link to this comment
(Unregistered commenter)

Oh! There is a big surpppppprrrisssseee!  Call the paramedics quick..I’m having a heart attack from that surprise!
“If you work for a living, you no business voting republican”.  Unknown wise man.

Headless

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By felicity, January 8, 2007 at 3:29 pm Link to this comment
(Unregistered commenter)

Over $l million?  I’d like to know the tax cuts to that poor starving CEO of the mega corporation who makes, for working two hours, what the average worker in his corporation makes working for an entire YEAR.  (Wouldn’t surprise me if he gets no tax cut because he probably doesn’t pay taxes in the first place.)  Forget Denmark - there’s something very rotten in America these days.

Hell, we’re harboring 290 billionaires in this country while next on the list is Japan with a paltry 29.  (Most countries don’t even make the list.)

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By Bluestocking, January 8, 2007 at 3:08 pm Link to this comment
(Unregistered commenter)

“This is an impressive crowd—the haves and the have mores. Some people call you the elite—I call you my base.”

The above is a direct quote from George W. Bush made at a Catholic charities fundraiser (the Alfred Smith memorial dinner) during the 2000 presidential campaign.  Political jokes are reportedly a frequent feature of this event, and this remark was *supposedly* made in jest—nevertheless, there are people (of which I am one) who believe that the kind of jokes which someone finds funny and chooses to tell can offer subtle clues into an individual’s personality and beliefs. The fact that Bush’s tax cuts give greatest benefit to those individuals at the uppermost end of the income spectrum strongly suggests that this quote from Bush was not purely anodyne as was claimed, but reflects what he truly believes.

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By dick, January 8, 2007 at 1:33 pm Link to this comment
(Unregistered commenter)

The predators (the wealthy) and the prey (the rest of us).

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By GW=MCHammered, January 8, 2007 at 12:27 pm Link to this comment
(Unregistered commenter)

At a recent fundraiser of invited attendees earning more than $1 million per year, Bush said, “I consider you my base.” And after the rousing applause subsided he continued with, “So long as I’m president, the following policies shall continue to apply:

Our southern border will remain open so that cheap labor can flow unimpeded, I think that’s the word, to companies courageous enough to do what’s necessary in this economy. Some call it illegal. I call it smart.

The National Guard, watching over the southern border, will remain impotent. Our way of life demands the free-flow of street drugs to pacify the populace; our southern neighbors need the business; and our War on Drugs has extreme budgetary needs, heh-heh.

Now healthcare is for those who can afford it, period! Capital Investment rewards is for those who can afford it too, period! Same goes for quality education… period!

The tax burden will fall on “the little people,” as a good friend of mine once said… unfortunately to the media… and on “the little peoples’ kids.” That way we ensure our proper class dominance for generations to come.

By exerting my ‘Philosophy of Poverty’ and eliminating the middle-class now, we’ll promote even more effort from our workers increasing productivity; it will keep the volunteer army coffers full (smirk); bring organized labor to its knees, finally; and guarantee that ‘the working class’ will always be ‘our borrowing class.’ Just as it should be.”

Standing ovation thunders.

“And don’t you worry about them dissenters. Cause I listen to their phone conversations and I open their mail!”

Das Ende

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By Rodney Matthews, January 8, 2007 at 12:13 pm Link to this comment
(Unregistered commenter)

Like I said before , no child of a millionaire left behind. Rob the poor and give to the rich. Under Bush, the poor gets poorer, the middle class becomes poor,and if your rich,it’s time to get the party started.All the while any programs that benefit the poor get cut. Health care gets cut. But plenty money for war and killing, That’s the Bush legacy. The Decider get to decide where the money goes, to Halliburton,Bechtel,Oil companies, and rich political contrubuters, We have the most immoral ,unethical,criminal,impeachable,war,fear,and hate mongering president and adminstration in the 230 years of our history. But as Americans we allowed it to happen. We are getting what we deserved, and we are reaping what Bush and Cheney have sowed.
 


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By DennisD, January 8, 2007 at 12:02 pm Link to this comment
(Unregistered commenter)

Gomer Pyle said it best “Surprise, surprise.” Has Reaganomics finished trickling down yet?

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By Quy Tran, January 8, 2007 at 11:49 am Link to this comment
(Unregistered commenter)

GWB’s tax cuts mean all of us will be beheaded with his new guillotine !

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By Polly Ester, January 8, 2007 at 11:19 am Link to this comment
(Unregistered commenter)

Families earning more than $1 million per year saw a greater drop in federal tax rates than any other group in the country, and when I eat beans I get gas pains—-so what else is new?

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