For anyone a little confused about what the Republicans just did, just look at the numbers. At the time of the highest budgetary deficit and the highest trade deficit in American history, the Republicans decided to extend tax cuts for the wealthy.
While some might rightfully say that the Senate also agreed to restore cuts to Medicaid, it is again important to check out the numbers. The new round of tax cuts for the wealthy are about five times larger than the money for Medicaid. Talk about priorities!
This new tax cut for the wealthy is indicative of Republican philosophy today, something that is completely overlooked by pundits and members of the mainstream media alike. Whereas the GOP once believed in balanced budgets and running the government like a business, today's Republican Party only believes in one thing: massive tax cuts, primarily for the wealthy and connected.
March 19, 2005
New GOP Tax Cuts for the Rich Expand the Deficit
Basie! has the latest late night move by the Republican Congress pretty well summed up:
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