Need I even comment on this article? I think it speaks volumes. This is reverse Robin Hood. Why would the rich need welfare especially when it is a direct transfer from our most needy to our most wealthy?
Quote:
LINK
Tax Breaks for the Wealthy
by Gene C. Gerard
www.dissidentvoice.org
January 30, 2006
On January 1, Congress allowed two tax breaks that benefit the wealthy to become effective. The cuts eliminated current provisions of the tax code that limits the amount of personal exemptions and itemized deductions that Americans with high incomes can take. Over the course of the next five years the tax cuts will cost approximately $27 billion, according to a study by the Center on Budget and Policy Priorities. Ironically, Republicans in Congress, only two weeks before the cuts took effect, voted to reduce domestic spending on programs affecting the poor and the middle class by $39 billion over the next five years.
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EDIT to add:
HeyPig, Why did you title this thread "......: A Libertarian Perspective "?