Fiscal Responsibility, Republican Style
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Re “Firms Pay Nothing, Get Plenty,” Dec. 26: I was starting to feel a little less grumpy about having my $1,500 teachers’ tax credit yanked away when along comes news that California plans to give away $82 million to corporations that have paid no state income tax. Part of me expects Gov. Arnold Schwarzenegger to set things straight, just as he’s done in his movies, but then I realized that this is just another Republican dream come true.
Don’t believe it? One story over we read how President Bush’s team is “swinging the budget ax” to achieve its version of fiscal responsibility. Out with Social Security, Medicare and Medicaid. In with billions more spent on the results of Bush’s disastrous family feud in Iraq, a useless and expensive missile defense system, permanent tax cuts no matter what and tax reform (e.g., more tax breaks for the rich at the expense of the middle class).
What is even more astounding is that the majority of voting Americans seem to believe that this a terrific trade-off.
Kurt Page
Laguna Niguel
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