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Originally Posted by 12clicks
only among the tinfoil hat crowd.
uh, among the educated, that would mean that the "oil men" in the administration have watched their competition make huge profits (unless of course, you can name administration men who also work for exxon mobil)
I await your "proof" that there was not an across the board cut in tax rate.  |
OK Here's your proof: Condoleezza Rice - First Bush's administration she served as Director of a division of the Natl Security Council - oh - yeah and then in between she was placed on the board of Directors of Chevron Oil - until she then came to the 2nd Bushs administration - they even named an oil tanker after her at Chevron (yeah - she only looks like a man)
As far as the tax cuts - there can be no proof since there have been none approved by congress so far in the last two years - earlier "tax cuts" that were touted as across the board have been proven by the conservative think group (Brooking Institute" to have not been tax cuts at all but service cuts.
To explain (Im assuming you have some economics background) in any tax cut you have to pay for the tax cut somehow - in the Bush administration this has been financed by increasing the debt ceiling and borrowing against it - that debt in the long run has to be paid off somehow - and so far based on recent history, that has happened by reducing benefits for those same lower 10% that supposedly got the tax cuts, which in real money results in the only ones getting a true benefit is the upper 10% (in todays dollars)
If you would like more of an explanation Id be happy to provide it.