I have many, many problems with his "
tax cut"
.
First of all, it's basically utilizing the trickle down theory, which hasn't ever worked in all of history. It's been tried more than once, and every single time it's failed. Did his "
tax cut"
a couple years ago lead to economic recovery and everyone having a job? No. What makes you think it'll work this time?
Secondly, the beaurocrats in Washington have actively worked to make sure the richest get a disproportionate amount of the "
tax cut"
. Why would they do this? Because most of them are rich, and all of them are, for all intents and purposes, controlled by the super-rich. Do you think the American people are being fairly represented when the vast majority of congressmen and senators are worth well over a million dollars? And if you think they aren't trying to take the money away from the lower-income families, just look at the last minute change Republican senators introduced. It took away a vast amount of money from the lowest bracket of income, the families who live paycheck to paycheck. Their argument was that they wouldn't put the money back into the economy. Now, no matter what your politcal beliefs may be, you can't honestly believe that the poorest people, upon getting an extra few hundred dollars, will not spend it. To say that is just rediculous.
You may have noticed that I'm putting the words "
tax cut"
in quotations. That's because this isn't really a tax cut at all. All it is is a tax redistribution. Since the federal government is putting the country into more debt, states are getting less money. This means that the states themselves will have to raise taxes to keep from slashing programs all over the board. In my state, New York, Governor Pataki put forth a budget which raised taxes by an obscene amount and still required a massive cut of state programs and money to things like schools. The state legislature, however, overturned his budget and put forth their own, which raises taxes even higher and still cuts many programs, though not as many. I'm not saying that this is solely caused by the "
tax cuts"
, but they are only adding to the problem. As the country is pushed further and further into debt, the last thing we need is a fiscally irresponsible administration propelling us into more debt.
I can go on and on about the problems with the "
tax cut"
you seem to like so much, but I'm not in the mood to spend the next hour typing. Suffice it to say, I feel the government should be more responsible in this time of economic hardship. The ramifications of their policies are impossible to predict fully, but it isn't hard to see the dollar suffering internationally as a result of this whole thing.
I'd rather not get into a whole long discussion about the various problems I have with Bush and his administration. If anyone really wants to hear what I have to say on the matter, I'll be more than happy to talk, but for right now I'll just leave this where it is.
____________________________
Matt O'Leary
Webb Institute
Class of 2007
"
I never forget a face, but in your case I'll be glad to make an exception."
-Groucho Marx
) No wonder I took so long to get the 1.5 release out--I was mired in government beureaucracy! Filling out my job search forms every week, telephone calls to the ESD, weekly trips to the bank to deposit the checks--it was a horrible waste of time.
/dy
