Friday, March 13, 2009

Obama budget asks far less of the rich than either Reagan or Nixon

Despite my (and many others) lobbying for vastly increased taxes on individual personal wealth of the 793 American Billionaires (down from that 1,000 number back in June; but puh-lease) Obama's budget asks far less of the rich than either President Reagan or Nixon ever did. To dissolve the blood clots in the economic circulation system, Corporate Taxes actually do need to be DECREASED and Cash Hoarders targeted with direct clot-dissolving policies. For ambiance, how about set to the music of Concerto for Squealing Piggies and Harried Hoarders in “F” Major.

Obama's budget cuts taxes for 95% of working Americans who are struggling to make ends meet. To pay for the investments we desperately need to get our economy moving again, it closes tax loopholes for big corporations and rolls back the Bush tax cuts for the wealthiest Americans.