Cutting Taxes on a Fraction of $20
Via Avedon Carol, here is Greg Palast:
In his State of the Union, the President asked Congress for $300 million for poor kids in the inner city. As there are, officially, 15 million children in America living in poverty, how much is that per child? Correct! $20.
Here’s your second question. The President also demanded that Congress extend his tax cuts. The cost: $4.3 trillion over ten years. The big recipients are millionaires. And the number of millionaires happens, not coincidentally, to equal the number of poor kids, roughly 15 million of them. OK class: what is the cost of the tax cut per millionaire? That’s right, Richie, $287,000 apiece.
Mr. Bush said, “In neighborhoods across our country, there are boys and girls with dreams. And a decent education is their only hope of achieving them.”
So how much educational dreaming will $20 buy?
This guy Palast seems pretty dim. Doesn’t he know its not the $20 a head that’s going to be helping the boys and girls achieve their dreams, but rather the tax cuts that will allow them keep more of whatever portion of that $20 trickles their way?