Senate Approves $70 Billion Tax-Cut Bill

[ALEXIS_DH]

US bonds sure look promising now.....

WASHINGTON - Republicans promise that a $70 billion election-year package extending lower rates for investors and saving billions for families with above-average incomes will produce economic gains for the nation.

http://news.yahoo.com/s/ap/20060512/ap_on_go_co/congress_taxes

[DaveW]

2 things.


1 Money for those that need it least.

2 Don't have enough money to pay for what your currently spending.... so cut your income not your spending??? :hot:

[Old Man G Funk]

"Above-average incomes?"

Translation: The rich will be saving mucho dinero.

I saw somewhere that these latest cuts will save about $20 for middle income families, while those in the top .2% will save about $42,000.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/10/AR2006051002067.html

[LordOpie]

"Above-average incomes?"

Translation: The rich will be saving mucho dinero.

I saw somewhere that these latest cuts will save about $20 for middle income families, while those in the top .2% will save about $42,000.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/10/AR2006051002067.html
Yes, but the average person will be saving $1000.

Don't you love when they use averages :rolleyes:

[MudGrrl]

wow


between this and the $100 gas thing they were thinking about....

I just don't know what to say

[Polandspring88]

"Above-average incomes?"

Translation: The rich will be saving mucho dinero.

I saw somewhere that these latest cuts will save about $20 for middle income families, while those in the top .2% will save about $42,000.

Source: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/10/AR2006051002067.html

The price breakdown I saw on the news last night said 0 dollars if your income is under $14,000 per year, about 20 bucks if you are between 35 and 70, 2 grand if youy are above 75, and $84,000 if your income was higher than I think 1 mil. Kinda silly if you ask me, you are returning money to the people who need it the least and putting us further in the hole.

[ohio]

:vomit:

[valve bouncer]

:vomit:
It's trickle down. BTW your phone number's on the list Osama.

[Radarr]

I think its great! That's $20 I get to spend on cigarettes!

Oh, no, silly. I can't afford health care. Why do you ask?