Boston Globe
by Derrick Z. Jackson

12/10/05

' ... 'Twas two weeks before Christmas, and all through the House, $50 billion was cut for those considered a mouse. Tax breaks instead hung by the chimney with care, for investors and CEOs, hands already there. America's rich nestled all snug in their beds as $95 billion danced in their heads. It was expected, of course, that the House of Representatives would do the deed they promised to do before Thanksgiving. They cut $50 billion last month from programs serving low-income Americans. This week they passed the final part of what amounts to $95 billion in tax cuts. It represents a height of taking from the poor to give to the rich. Out went billions for student loans, Medicaid and food stamps. In came billions for stock dividends and capital gains. Regardless of political leanings, economists know where the money is going...

http://tinyurl.com/9f8fu


Informant: Thomas L. Knapp