Rep. Robert Matsui of California delivered this message on Saturday.
"What have President Bush and Congressional Republicans proposed to do about these problems? The elimination of taxes on corporate dividends. Yes, that's their response," Matsui said. "So who benefits from this tax cut? Well, those earning $1 million or more a year would receive an average tax cut of $27,000 a year.
He wants a better economy? No he just wants to get in those class warfare arguments. What good is a strong economy if the rich get rewarded?
"Just two years ago, the federal budget was in great shape but record surpluses have turned to record deficits, and today our government cannot pay its own bills." he said. "The president's 2004 budget calls for a $1.8 trillion federal deficit over the next 10 years, and even this leaves out the cost of war with Iraq.
I agree, we better start cutting government spending.
"Of course, there's no money left for a meaningful prescription drug benefit," he added. "In fact, Republicans plan to cut $200 billion from Medicare."
Oh, you don't want a balanced budget either. You just want to spend more on govt. handouts.
While avoiding any specifics, Matsui said the Democrat's plan "puts money in people's pockets and helps get our economy moving again."
Right. A chicken in every pot.
"One of these tax breaks was for foreign gamblers who bet on horse races in America," he said. "I know that's hard to believe, but it's true."
I haven't heard of this one. I wish I knew who proposed it. Matsui did find a gem in an otherwise typical class-war attack. The Republicans are going to have to learn that pork and special favors stink regardless of who puts them forward.
The stock market fall began in March of 2000 and recession began in March of 2001. Both caused a drop in tax revenues. Unless someone can point to a policy that Bush implemented in the first 40 days of his administration, you'll have to look to Clinton's policies.
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