Bush promises 1.5 million jobs from a $550 billion dollar tax cut. Hmm, that comes out to be a cost to the government of $366,666.67 per job.
That doesn't seem like a good deal -- that seems like a terrible deal! Our schools are firing teachers and Dubya's brilliant plan is to spend $366,666 on each NEW job he creates? Remember, without a respective $550 billion cut in spending, the burden of this tax cut will fall on current and future tax payers. You, you and you!
Of course, what Dubya promises isn't what he means. He means that most of the money will go to his rich friends and political allies, and we the tax payers will be paying for it. The billions will be used to cut dividend tax, which nobody but the richest even pay the slightest attention to. The money that millionaires and billionaires receive from the government may lead them to hire some more chauffeurs, butlers, maids and other minimum wage staff. Maybe a few more for the shoe factory! If they hire 1.5 million of them because of the Bush tax cut, Bush's promise will become a reality.
Meanwhile... aren't our schools broke? Aren't there homeless people who could use some money? Isn't Bush seeking to take money out of school lunch programs? Isn't he promising to rebuild Afghanistan and Iraq? Where's the money going to come from?
One day, I'll be looking at my taxes, and I'll be thinking -- hey, I'm paying for the money Bush gave to his rich friends, and all those jobs that Bush created. I could've bought a house, maybe a small apartment, but instead I'm paying for that millionaire's boat payment and those outrageously expensive jobs Mr. Bush created through his tax cuts! Hurrah!
Comments (2)
Hmm, bitter, aren't we? But Mr. Bush should be more concerned about all the teachers who are losing their jobs and all the social programs that are being cut because of the recession instead of the nice chunk-of-change tax cut. Shouldn't the government use that money to help out the social programs instead of giving the money back to those who don't need it? I'm paying a nice handful of taxes, but I don't think I'll be benefiting from the tax cut. Why should the guy with a $10 million dollar home get money back and the rest of us get stuck with the bill? I say it's time to get this president out!
Posted by lisa | May 8, 2003 5:45 AM
Posted on May 8, 2003 05:45
Schools aren't the federal governments responsibility. They have always been, and will always be, the states responsibility. Seem that people have forgotten about that.
Also, I'm a college student and I do pay attention to the dividend tax... why? Because that's what I plan on retiring on that years from now. Dividend tax is double taxing money. First the company pays tax on their earnings, then each investor pays tax on the earning that company made and divides between it's share holders. How would you like to pay income tax, then pay tax when you give your kids that money for lunch? That's what's going on... just because most people don't understand how things such as this work doesn't mean that it's wrong.
Posted by chris | May 22, 2003 2:23 PM
Posted on May 22, 2003 14:23