Bush's budget priority - his permanant tax cuts for wealthy Americans

[stray cat]

Making the tax cuts passed during Bush’s first term permanent reductions — would cost $1.1 trillion. Those laws reduced taxes on wages, investment income and inherited estates. The president would also extend, for a 10-year total of $73 billion, various temporary tax breaks for businesses.

The budget does not include any proposal to address the alternative minimum tax, a levy aimed at wealthy individuals that has started to hit some middle-class families.

http://www.msnbc.msn.com/id/6928662/

Democrats complained that Bush was resorting to draconian cuts that would hurt the needy in order to protect his first term tax cuts that primarily benefited the wealthy.

“This budget is part of the Republican plan to cut Social Security benefits while handing out lavish tax breaks for multimillionaires,” said Senate Democratic Leader Harry Reid, D-Nev. “Its cuts in veterans programs, health care and education reflect the wrong priorities and its huge deficits are fiscally irresponsible.”

Democrats also contended that the budget masked the costs of some Bush initiatives such as making his first-term tax cuts permanent by only making deficit projections through 2010. The budget puts the cost of making Bush’s tax cuts permanent at $1.1 trillion through 2015 but does not show how that would impact the deficit at that time.

http://www.msnbc.msn.com/id/6908656/

[DebJ]

1. hmmm...I think his priority is destruction of the middle class and

intensified suffering of the poor and elderly. Making the rich richer is just the extra icing on his shit cake.

[indepat]

2. Is, always has, and always will be job #1