Friday, December 09, 2005

Foxx Votes More Tax Cuts for the Mega-Rich

Last night the U.S. House voted to give additional tax cuts on dividends and capital gains ... to the tune of $56 billion ... which will more than eat up the $50 billion budget cut to services the same bunch passed earlier.

So who is it claiming that Republicans know how to handle money?

It's worth noting the nine Democrats who voted with the Republicans on this miscarriage:

John Barrow (Ga.)
Melissa L. Bean (Ill.)
Dan Boren (Okla.)
Bud Cramer (Ala.)
Henry Cuellar (Tex.)
Lincoln Davis (Tenn.)
Bart Gordon (Tenn.)
Jim Marshall (Ga.)
Mike McIntyre (N.C.)

Three Republicans voted with the Democrats:

Sherwood L. Boehlert (N.Y.)
Jim Leach (Iowa)
Fred Upton (Mich.)

The top 20 percent of the richest households would receive 84.2 percent of the benefit. Households earning more than $1 million a year would get 40 percent of the tax cuts, or an average reduction of nearly $51,000. (WashPost analysis)

The only (frail) hope is that Senate Republican moderates will turn this atrocity aside.

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