Listen to these "revenue-neutral" proposals of the Bush Administration:
Instead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.
The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.
Congratulations low-brow America. You managed to elect people that will once again cut taxes for the wealth (capital gains cuts, tax breaks for business investment) and completely screw over everybody else, including Bush's base.
There isn't a more common deduction for the middle class than what you pay for State and Local taxes, and there are 40 to 50 million Americans without Health Insurance now. If you eliminate the incentive for providing health insurance to businesses, what the fuck will that number become.
This is literally taking the poor and middle class and making them bend over and 'squeal like a piggy.' Once again the rich get richer and the less rich get hosed. John Calvin would be proud.
And yet, on the broadcast media there is NOTHING about this, instead we have CNN mocking the Clinton Library like it's "white trash" heaven (a really WTF? moment all things considered) and more blathering about Monday Night Football's opening.