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View Diary: The Bush Tax cuts CAUSED the economic crisis (149 comments)

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  •  Pittsburgh Post Gazette columnist Gene Collier (4+ / 0-)
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    N in Seattle, neroden, allep10, Noamjunior

    wrote a piece around the time of those Bush tax cuts entitled "Give My $400 To Julia Roberts". He had nothing against the actress, but calculated that since she was the #1 box office money earner and the cuts would save her about $5 million in taxes that year, while he would save $400, that she obviously needed the money more than he did. He politely asked Mr Bush to just go ahead and give his $400 to Miss Roberts. I wish I had saved the article.

    The Republican motto: "There's been a lot of progress in this country over the last 75 years, and we've been against all of it."

    by Hillbilly Dem on Thu Sep 16, 2010 at 11:21:17 AM PDT

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    •  teh Google is your friend (4+ / 0-)
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      Hillbilly Dem, neroden, allep10, Bluefin

      The actual title of Collier's March 4, 2001 column is Julia Roberts can have my tax refund.

      Gene was right as rain:

      By the time George's plan makes it through Congress, still a huge assumption, economists from both sides of the political field and neutral financial experts as well will have argued it into a fine pablum, but for the moment, it looks historically similar to Ronald Reagan's 1981 brainstorm. Bought by Congress, it triggered more than decade of Death Valley Trickle Down Days. Huge federal deficits. Massive debt.

      Even on the chance that I could be talked into George's kind of tax cut on economic principle, which is not all that unlikely considering that my financial aptitude doesn't go much beyond the concept of "buy one, get one free," the George plan is simply too brazen. The top 1 percent of taxpayers pay 21 percent of the taxes. They'd get 43 percent of the tax cut.

      grok the "edku" -- edscan's "revelation", 21 January 2009

      by N in Seattle on Thu Sep 16, 2010 at 11:47:44 AM PDT

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