{"id":7398,"date":"2006-05-13T09:35:55","date_gmt":"2006-05-13T13:35:55","guid":{"rendered":"http:\/\/www.thecarpetbaggerreport.com\/?p=7398"},"modified":"2006-05-13T09:35:55","modified_gmt":"2006-05-13T13:35:55","slug":"enjoy-your-nine-dollars","status":"publish","type":"post","link":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/enjoy-your-nine-dollars\/","title":{"rendered":"Enjoy your nine dollars"},"content":{"rendered":"

Guest Post by Morbo<\/a><\/p>\n

The Washington Post ran an interesting chart<\/a> this week that every [tag]Democrat[\/tag] should memorize. It shows your annual savings under the latest [tag]Republican[\/tag] [tag]tax cut[\/tag]. Here are the figures:<\/p>\n

$10,000-$20,000: $2
\n$20,000-$30,000: $9
\n$30,000-$40,000: $16
\n$40,000-$50,000: $46
\n$50,000-$75,000: $100
\n$75,000-$100,000: $403
\n$100,000-$200,000: $1,388
\n$200,000-$500,000: $4,499
\n$500,000-$1 million: $5,562
\nMore than $1 million: $41,977<\/p>\n

According to the U.S. Census Bureau, median income in the United States is $44,389. Math has never been my biggest skill, but I know what “median” means: half fall above, half below.<\/p>\n

I am aware that the median may not be the best instrument to use here, because a relatively small number of super-high earners skew the data. But no matter how you slice this, most people are getting crumbs. As The Post noted:<\/p>\n

[tag]Middle[\/tag]-income households would receive an average tax cut of $20 from the agreement, according to the joint Urban Institute-Brookings Institution Tax Policy Center, while 0.02 percent of households with incomes over $1 million would receive average tax cuts of $42,000.<\/p><\/blockquote>\n

The bottom line is, the Republicans just offered huge numbers of taxpayers an annual savings of $2 to $46. Considering that people scoffed at a $100 gas rebate, this should be more than enough to make their blood boil anew.<\/p>\n

Let’s put aside the wisdom of cutting taxes at a time of record deficits. Let’s put aside the question of straddling our children and grandchildren with more debt. Let’s just look at what is being offered here. Then let’s demagogue until the cows come home.<\/p>\n

It’s high time for some good old-fashioned [tag]class[\/tag] warfare. The ads write themselves: “The Republicans just bought all of their friends a shiny new car or a fancy fishing boat. You got a fast-food meal. Enjoy your nine dollars.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Guest Post by Morbo The Washington Post ran an interesting chart this week that every [tag]Democrat[\/tag] should memorize. It shows your annual savings under the latest [tag]Republican[\/tag] [tag]tax cut[\/tag]. Here are the figures: $10,000-$20,000: $2 $20,000-$30,000: $9 $30,000-$40,000: $16 $40,000-$50,000: $46 $50,000-$75,000: $100 $75,000-$100,000: $403 $100,000-$200,000: $1,388 $200,000-$500,000: $4,499 $500,000-$1 million: $5,562 More than $1 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[617],"tags":[],"class_list":["post-7398","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/7398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/comments?post=7398"}],"version-history":[{"count":0,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/7398\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/media?parent=7398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/categories?post=7398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/tags?post=7398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}