Thursday, February 22, 2007

Compassionate Conservatism

The Carpetbagger:
    The research from Sanders’ office included some rather startling revelations about Bush’s plans for the elimination of the estate tax, at a cost of $442 billion over the next decade, and how, exactly, the president plans to pay for them.

    Sanders’s office came up with some interesting numbers here. If the Estate Tax were to be repealed completely, the estimated savings to just one family — the Walton family, the heirs to the Wal-Mart fortune — would be about $32.7 billion dollars over the next ten years.

    The proposed reductions to Medicaid over the same time frame? $28 billion.

    Or how about this: if the Estate Tax goes, the heirs to the Mars candy corporation — some of the world’s evilest scumbags, incidentally, routinely ripped by human rights organizations for trafficking in child labor to work cocoa farms in places like Cote D’Ivoire — if the estate tax goes, those assholes will receive about $11.7 billion in tax breaks. That’s more than three times the amount Bush wants to cut from the VA budget ($3.4 billion) over the same time period.

    Some other notable estimate estate tax breaks, versus corresponding cuts:

    * Cox family (Cox cable TV) receives $9.7 billion tax break while education would get $1.5 billion in cuts

    * Nordstrom family (Nordstrom dept. stores) receives $826.5 million tax break while Community Service Block Grants would be eliminated, a $630 million cut

    * Ernest Gallo family (shitty wines) receives a $468.4 million cut while LIHEAP (heating oil to poor) would get a $420 million cut

    And so on and so on. Sanders additionally pointed out that the family of former Exxon/Mobil CEO Lee Raymond, who received a $400 million retirement package, would receive about $164 million in tax breaks.

    Compare that to the Commodity Supplemental Food Program, which Bush proposes be completely eliminated, at a savings of $108 million over ten years. The program sent one bag of groceries per month to 480,000 seniors, mothers and newborn children.
I'm trying to wrap my brain around this, but I just can't.

Bush wants to cut from the VA budget ($3.4 billion) over the same time period.

This, in the week of the Walter Reed patient overflow scandal. It freaking boggles the mind.

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