September 14, 2010
The Senate GOP's Latest Idea: The Billionaire's Stimulus Bill
You see, the Bush tax cuts passed in 2001 are scheduled to come to an end this year. While there is momentum to preserve the lower and middle class tax cuts for Americans struggling to make it day by day, there is also momentum to end the cuts for those making more than $250,000. Except Mitch McConnell, Senate Minority Leader, who wants to pass ensure that our country's poor billionaires receive stimulus money this year.
McConnell has circled the wagons of Senate Republicans, and declared war on ending the tax cuts for the Rupert Murdoch's of the country. Apparently, their billion of dollars in salaries, yachts, houses around the world, BMW's, and stock options are in peril due to the struggling economy.
McConnell wants to ensure that they have an additional $700 billion dollars over the next ten years because they are suffering so much. This $700 Billionaire Stimulus Bill is not paid for either, unless you count taking food out of the mouths of our children, taking away health care from our seniors, and kicking our unemployed citizens out of our homes.
We shouldn't be surprised that McConnell wants to pass this Billionaire Stimulus Bill. After all, they are his closest friends lobbyists, aren't they?