Friday, October 14, 2005
Let the waitress pick up the check. Garance Franke-Ruta at TAPPED reminds us that in September 2004 John Edwards prophesied the tax package that Bush is salivating to spring on us:The President's new 'tax reform' is the ultimate expression of his values. We don't know all of the details, but we know that people who inherit hundreds of millions will pay nothing; firemen and waitresses and working people will pay everything. And we know his plan will take away the most important incentive for the single most important form of ownership: it will eliminate entirely the tax deduction for home mortgage interest. Meanwhile, snug under the cover of "faith," Pat Robertson's vast enterprises pay no taxes. Paris Hilton gets a free pass on her inheritance. And Cheney's dividend income is tax-free. In fact, if George W Bush is lucky enough for his father to die in 2010, he will receive his own dynastic inheritance without paying a nickel in estate taxes. In Bushworld, the Ownership Society no longer applies to non-decamillionaires. Sadly, Kerry-Edwards called it right, and the blinkered press corps is discovering what a fool they promoted for over five years now that the damage is already done.
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Stealing $50K from a widow: Wells Real Estate
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Give your prescription money to your old boss
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