So I just watched a lineup of Republican lawmakers tout the massive virtues of their “middle-class” tax cut. Their pitch: An average American family of four, making $59,000, would receive an annual benefit of $1,182.
They went on and on (I mean on and on) about how much $1,182 would mean to that family. Really? That “massive” benefit amounts to $21.19 a week to that family. Every penny counts, but if they touted the weekly saving, because that’s the way many of these families have to live, they’d be laughed off the screen. Especially when compared to the massive tax cut the plan would give to the wealthy.
In 2005 (the only year in which we have his returns), our president had to pay an extra $31 million in taxes (due to the alternative minimum tax); that’s gone in this plan. That’s a weekly cash flow savings of $596,153.85 for the prez vs $21.19 for families who actually need it.
Greed is not good, but it’s alive and well in Washington.
Mark Petersen, Park City