George W. Bush gave the lowest 20% of tax payers an annual tax cut of $74. That was very kind of him. $74 a year is about $6 more a month, which would buy an extra 4 loaves of bread a month, 1 a week. An extra loaf of bread a week. GWB, you are so compassionate!
At the same time, GWB gave the highest 20% of tax payers an annual reduction of $8,421. That equates to an extra 468 loaves of bread per month, or 117 loaves per week! That’s a lot of bread! So he gave the richest 20% of people 117 times more “relief” than he gave to the poorest, JUST BECAUSE they made more money. What is “fair” about that?
Also, the GWB tax cuts gave to the highest 1% of tax payers an annual reduction of $97,028, which equates to 1,348 extra loaves of bread per week. So, GWB gave to the very richest people in the country 1348 times more “relief” than he gave to the poorest, JUST BECAUSE they were the very richest people in the country. What is “fair” about that? That seems like the opposite of fair to me.
And now GOP lawmakers are fighting tooth and nail against Obama’s efforts to make sure the lower and middle classes are able to to keep their extra bread, so that the sad, struggling rich can continue to afford to put an extra 1348 loaves of bread per week on the table for their starving families. What the GOP has lost in morality it seems to have made up for in insanity.
They want to push the entire nation over the fiscal cliff in order to save that extra bread for the richest of the rich.