Jason's Blog

The latest tax cuts a mistake for America

by on Apr.05, 2006, under General

I was reading an article in the New York Times where it discussed tax cuts that Bush has pushed, and their effects. Let’s just say this to me is proof those were a massive mistake that instead of helping things out, are hurting this country more. The article, “Big Gain for Rich Seen in Tax Cuts for Investments” mentions a few things here I have to point out from this article. First, the tax cuts help the REALLY wealthy. The less than 1% of the population, mostly. The idea of course was then these people would reinvest, but if you read further in the article – guess where these people are investing? If you guess someplace other than the US, you’d be right. I’d assume places like China or India, but who knows? It’s outside of this country, which means instead of the tax cuts enhancing investments in this country, it’s money that’s being poured out of this country.

This is flat out a mistake, and should be wiped out. Totally. I REALLY can’t wait until election times come up. I’d voted previously for one or two republicans. I’m not voting for a single one anymore, nor ANY candidate who has voted for increased spending and decreased taxes, regardless of party affiliation. Not at a time when we’re in such dire conditions debt-wise.

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