Once More With Feeling: Another Bush Tax Plan
And once again we must look at what our would-be overlords at Bush Inc. are trying to sell us in the way of Voodoo Economics and Compassionate Conservatism.
The tax plan put forward by ¡JEB! The Smartest Bush® is pretty much the standard fare we’ve been getting from Wingnuttia since the 1980s. With very little to distinguish it from the rest of the Bush Junta (St. Ronnie, Poppy, and Chimpy), ¡JEB! does a better job of hiding the razor blade in the apple.
The one clever thing in his tax plan that distinguishes it from the other 2016 Goat Rodeo contenders is noting that income inequality is a big deal. And then he sticks it to the little guy. While his slogan might be The Right to Rise, his tax plan is little more than the right to rise higher for the super wealthy; that is, his family.
Let’s bite into that apple…READ MORE
Copyright 2015 Liberaland
By: Tengrain
Fully caffeinated with twice the sugar, unabashedly liberal. Award-winning Americans United blogger, blogs at Mock Paper Scissors, and sometimes at Crooks and Liars.
You can follow @Tengrain on Twitter, or you might see him enjoying coffee somewhere in Seattle at any given moment of the day.
3 responses to Once More With Feeling: Another Bush Tax Plan
Leave a Reply
You must be logged in to post a comment.
Mike September 13th, 2015 at 16:21
I’m very happy with the Jeb! campaign…I thought his handlers would be able to keep him from speaking and proving that Bush’s are some of the dumbest people on the planet…thankfully they haven’t, and he has given us hours of entertainment so far.
Obewon September 13th, 2015 at 17:49
Even the conservative analysts at the Tax Foundation acknowledge that the top 1 percent would benefit the most from Jeb Bush’s plan and cost +$3.6 trillion over 10 years, adding about $45,946 per child under 18 in the United States to our debt burden.
Jeb Bush’s Tax Plan Would Save Him $773,677 A Year!
Jeb Bush apparently knew what he was doing with his own trickle-down tax plan: inflating his own bank account. According to a new analysis from the Center for American Progress Action Fund, Jeb Bush will save approximately $773,677 a year—almost 15 times themedian family income in the United States—in tax breaks under his tax plan. Bush’s adjusted gross income in 2013, based on his 2013 tax return, was $7,274,764, so clearly he benefits significantly from reducing the top tax rate from 39.6 percent to 28 percent. Bush’s income included a combined $730,898 of taxable interest, long-term capital gains, and dividends that qualify for reduced tax rates, meaning Bush would further benefit if the top tax rates were lowered to 20 percent on these sources of income, as his tax plan proposes. Here are some ways Jeb Bush ensured he would benefit from his tax plan:
Jeb Bush’s tax plan ensures the Bush family won’t pay estate taxes on their accrued wealth! Today’s estate tax has a $5 M exemption per person & $10 M Per couple: is a significant source of revenue, generating about $237 billion over 2016-2025 under current law. As the Center on Budget and Policy Priorities warns, “If the estate tax were further weakened or repealed, other taxpayers would have to foot the bill for these programs, face cuts in the benefits and services provided, or bear the burden of a higher national debt.” http://thinkprogress.org/progress-report/what-jeb-bushs-plan-would-do-for-jeb/
Robert Kennedy September 16th, 2015 at 18:08
Cutting taxes on the rich always, without exception, has a deleterious effect on a country.