I would vote against any congressman or senator that voted for this “farm bill”. We criticize pork attached to other legislation. This legislation is nothing but pork. I wonder if there is pork added to this pork.
Wasn't that one of the areas they really railed about? Suddenly they like estate tax cuts. Hmmmm, what did Teddy know and when did he know it. Will he suddenly claim Florida residence too to cheat the Bay State tax man like they did for Rose?
Even with the tax increases they plan, there’s not enough money — they use gimics to make up the rest, and presume a growth rate that is based on the tax cuts continuing (because they know if the tax rates increase, it will slow the economy).
And that would make them STOOPID - eh?
They are pre-spending the tax money they anticipate when rates rise. That’ll only be the first couple of years. After that the tax increase will lower revenues.
“The Democratic fiscal plan relies on automatic tax increases to claim a balanced budget while boosting spending on defense, education and many other programs.”
STOP THE DEMOCRAT TAX INCREASE!
STOP THE BIGGEST TAX INCREASE IN AMERICAN HISTORY!
http://travismonitor.blogspot.com/
Via Farm Policy website: Dan Morgan reported in todays Washington Post that, “A major new program in the recently enacted farm bill could increase taxpayer-financed payments to farmers by billions of dollars if high commodity prices decline to more typical levels, administration and congressional budget officials said yesterday.
The potential costs came to light as administration officials pored over details of the 673-page, $307 billion legislation. President Bush has promised to veto the measure, which he called bloated. The House and Senate passed the bill by bipartisan margins large enough to override him unless dozens of lawmakers switch sides.”
A call to action: Get the Senate and House to sustain Bush’s veto. $300 billion for farm programs is an absurd amount with such high food prices.
Right now, if an individual earns less than $8,500 (or close to that, I think), s/he isn't even required to file a return. If they've earned that without withholding, that's a zero percent tax rate.