5.20.2004

Leave No Rich Child Behind

From yesterday's Washington Post:

THE HOUSE of Representatives plans to take up a bill this week that would provide new tax breaks to families earning as much as $309,000, while doing next to nothing for those at the low end of the income scale. The bill, which could come up as early as today, is the most egregious part of a House tax-cutting spree that altogether would add more than $500 billion to the deficit over the next 10 years, according to estimates by the Urban Institute-Brookings Institution Tax Policy Center.