11 days before the election Bush* (in secret) signed new $137B tax cut....

[ElsewheresDaughter]

for corporate America on Air Force 1 with no photo-op and just a one sentence press release it was the 5th huge tax cut (but, i didn't hear about it until yesterday while reading Mother Jones hmmm i wonder why?)....this huge tax giveaway was one of the BIGGEST giveaways in over 20 years to corporations...the president had nothing to brag about and his signature expanded exactly the sort of tax avoidance Bush* had railed against at a campaign rally that same morning in Wilkes-Barre, PA saying, "The rich hire lawyers and accountants for a reason when it comes to taxes. That's to slip the bill and stick you with it."

"American Jobs Creation Act of 2004" Though the law began as an effort to end a $5 billion-a-year corporate tax subsidy that had been declared illegal by the WTO, it had grown into a hydra-headed beast. The laws author Bill Thomas (R) referred to it as "Miss Piggy" (Hey Rude!)

Corporate taxes are at their lowest level in 20 years. Nearly 95% of corporations now pay LESS than 5% of their income in taxes. This despite a tax rate that officially stands at 35%.

SO, WHERE ARE THE JOBS???

"Make Your Taxes Disappear!"
http://www.motherjones.com/news/feature/2005/03/corpora...





why does the MSM let him drag them and us all into hell?

MSM is bush*s evil accomplice.

[Inland]

1. No secret.

In fact, it had been widely reported. But really, what's one more huge set of tax breaks for Bush's patrons?

[mhr]

2. Link Please

eom

[ElsewheresDaughter]

3. Mother Jones magazine April edition..i bought the mag...here's a link....

http://www.motherjones.com/news/feature/2005/03/corporate_tax_bill.html

"Make Your Taxes Disappear!"

[cthrumatrix]

4. it's just that the Corp Media REFUSES to point out this ...but does bash

Soc Sec. expenses

[fasttense]

5. Corporate taxes are at their lowest level in 20 years?

So then according to the trickle down theory or Voodoo economics, we should have the highest employment rates in 20 years.

[BlueEyedSon]

6. It takes time for the trickle-down to trickle down

like 20 or 30 years.