Bush's Cure for Everything: More Tax Cuts for the Ultra-Wealthy
From TBogg:
From Krugman:
If a giant asteroid were hurtling its way towards Earth, the Heritage Foundation would propose weaving a giant safety net out of poor peoples bodies to stop it. That and another tax cut.
It's a given that the Bush administration, which tried to turn Iraq into a laboratory for conservative economic policies, will try the same thing on the Gulf Coast. The Heritage Foundation, which has surely been helping Karl Rove develop the administration's recovery plan, has already published a manifesto on post-Katrina policy. It calls for waivers on environmental rules, the elimination of capital gains taxes and the private ownership of public school buildings in the disaster areas. And if any of the people killed by Katrina, most of them poor, had a net worth of more than $1.5 million, Heritage wants to exempt their heirs from the estate tax...
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