Dave's Blog

Our president wants to enact another policy that favors U.S. Corporations, which is code for helping his rich buddies that put him in office.  He is considering another tax cut, even though we now have a record deficit, and the Iraq war is costing us billions with no end in site.  This means the deficit will increase, and since it only affects corporations then the burden falls even heavier on us.  He must be seeing that the end is near and wants to squeeze every last dollar he can out of us for his cronies.

President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure.

Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut. In an interview with a small group of journalists afterward, Bush said he was “inclined” to send a corporate tax package to Congress, although he expressed uncertainty about its political viability.