Congress is expected to pass a new five-year extension of the so-called
middle-class tax cuts and send it to Bush by next week.
Bush and the GOP will no doubt trumpet this as a crowning acheivement and proof that they are watching out for average citizens.
We can't let that stand for one single second. From Kerry & Edwards down to every conversation we have with friends, the message we need to carry is this:
They are looting the National Treasury.
This, to me, is the perfect expression of the Bush fiscal policy. And it affords us a chance to tie together all the various ways that this administration has robbed from the poor to give to the rich.
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Bush has refused to close corporate loopholes or to roll back any of his tax incentives for the ultra-rich. Instead, he is pushing this measure through now because he knows that it will pass -- how can House members vote against a "middle-class tax cut" five weeks before facing the voters? -- and he can then take credit for it.
And there is simply nothing there to fund it. Nothing.
Until Bush, no President in history has had the audacity to try to exercise tax cuts during wartime. Bush has taken the single greatest surplus in our nation's history and turned it into America's all-time largest deficit. In one term. In four short years.
And now he is trying to buy his way into a second term using our credit. We simply cannot allow that to happen.
He is bankrupting America. He is looting the National Treasury.