I'm getting tired of calling them "tax cuts," because too many people think that's a good thing. Anyone have a better title that more accurately reflects what giant tax giveaways actually do to the national economy? Anyway, there goes $140,000,000,000 of "our money."
Bush quietly signs corporate tax cuts
WASHINGTON (Reuters) - Without fanfare, President George W. Bush signed into law Friday a nearly $140 billion corporate tax cut bill derided by both Democratic presidential rival John Kerry and Republican Sen. John McCain as a giveaway to special interests.
Bush signed the measure into law aboard Air Force One en route to a campaign rally in Pennsylvania, forgoing a public signing ceremony that would have attracted attention to the tax cuts less than two weeks before Election Day.
[T]he $140 billion in new business tax breaks included many special interest provisions sharply criticized by public interest groups and fiscal conservatives, which congressional aides said explained Bush's decision to sign it in private.
Sen. John McCain, an Arizona Republican who is campaigning for Bush, had called the measure "the worst example of the influence of special interests that I have ever seen."
The Full Article.
Any ideas as to how to get this one out there? As much as people seem to love slashing revenue when it puts $400 in their pockets, I can't see middle America getting really psyched about putting it right into the hands of big business.