Friday, November 19, 2004

Regressive VooDoo

Kevin Drums summarizes a report about Bush's tax "plan." The Washington Post reports that Bush wants to reward the wealthy, increase taxes on the middle class, and for some strange reason provide a reason for corporations to dump health care coverage. I thought a flat tax might be Bush's trick, but this is even more regressive, almost text book Trickle Down economics.

Sounds like a redistribution of money from the middle class to the rich. The poor are left to live on peanuts, as usual.

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