What apparently has the GOP so up in arms is the fact that most of the tax cuts benefit the working and middle classes, not the wealthy.
Income tax cuts are not going to the most affluent five percent.
Other money goes to unemployment insurance and subsidies for COBRA medical insurance for employees who have lost their jobs. (About 1.5 million workers have lost their jobs in the past three months.)
The GOP places the blame for the recession directly on the greedy home-buyers who should have realized they couldn't afford a new home but bought them anyway.
Now Republicans say homebuyers expect hardworking taxpayers to bail them out.
The Republicans conveniently overlook the fact that bankers and lending institutions were eager to make such loans.
The bankers were the professionals who should have known the risks, not the Joe Six-pack home-buyers.
~
No comments:
Post a Comment