Monday, March 07, 2011
Tax Breaks For The Wealthy Versus the Poor and Middle Class
Donna Cooper has an interesting post over at American Progress that compares the tax breaks for the wealthy and corporations to the proposed GOP cuts to the "safety net" non security programs in its budget. The oligarchy has made putting their special tax breaks such as deducting interest paid on vacation homes, estate taxes and the like off limits when it comes to dealing with some of our deficit spending. All these tax breaks should be on the table since tax breaks take a huge chunk out of Federal tax revenue. There are two sides to balancing a budget, revenue and spending.