mental invalid Posted May 21, 2003 Share Posted May 21, 2003 Two of America's Richest Assail Bush Tax Cut Tue May 20, 5:23 PM ET Add Politics to My Yahoo! NEW YORK (Reuters) - You would think two of the wealthiest Americans would have no problem with a tax cut that would put thousands, if not millions, of dollars in their pockets. But billionaire investors Warren Buffett (news - web sites) and George Soros, Nos. 2 and 24 on Forbes Magazine's list of the 400 richest Americans, both railed on Tuesday against President Bush (news - web sites)'s plan to deepen income tax cuts and eliminate taxes on corporate dividends. Bush, who has campaigned around the country touting the plan as a way of creating jobs and boosting stock prices, is pressing for final agreement this week as Congress wrangles to fit the package into a $350 billion limit set by the Senate. In an opinion article in the Washington Post, Buffett, the chairman of holding company Berkshire Hathaway, said he already pays about the same income tax rate as his receptionist -- about 30 percent. But Buffett said with the planned dividend tax cut, he conceivably could pay a mere 3 percent in income taxes. Recalling President John F. Kennedy's declaration that Americans should "pay any price, bear any burden" for the country, Buffett said a 3 percent income tax rate "seems a bit light." "Supporters of making dividends tax free like to paint critics as promoters of class warfare. The fact is, however, their proposal promotes class welfare. For my class," wrote Buffett, whose wealth is estimated at $36 billion. Soros, renowned for both his swashbuckling speculative bets on currencies as well as his philanthropic work, dismissed the tax cuts. He said they would not revive the U.S. economy in the short-term but were only aimed at helping the rich get richer. "This move is designed not to have much impact now. It's designed to have an impact over an extended period and it's basically using the recession to redistribute income to the wealthy," Soros said in an interview with financial news network CNBC. "I think that is really not a very effective way of using a deficit," said Soros, whose wealth is estimated at $6 billion. Quote Link to comment Share on other sites More sharing options...
-Rage- Posted May 21, 2003 Share Posted May 21, 2003 http://www.funnygreetings.com/lamp8/money_burning_md_wht.gif'> Quote Link to comment Share on other sites More sharing options...
mental invalid Posted May 21, 2003 Author Share Posted May 21, 2003 im just constantly amazed with how people keep a straight face in the bush admin, and how they are able to sell this to the blue collars...... amazing..... Quote Link to comment Share on other sites More sharing options...
Wilt TA Posted May 21, 2003 Share Posted May 21, 2003 its nice to see disgustingly wealthy people act like they give a damn...maybe they really do... Quote Link to comment Share on other sites More sharing options...
Ken Barlow Posted May 21, 2003 Share Posted May 21, 2003 Lets all hope he doesn't win again next year..... Quote Link to comment Share on other sites More sharing options...
Dick Quickwood Posted May 21, 2003 Share Posted May 21, 2003 Originally posted by Ken Barlow Lets all hope he doesn't win again next year..... Quote Link to comment Share on other sites More sharing options...
Poop Man Bob Posted May 21, 2003 Share Posted May 21, 2003 Bump. Good read. Sorry I haven't responded to your email, homey. School started again on Tuesday, plus I have some serious shit happening with medical issues and my mom. Blarg. Needless to say, the albums you send are fucking hot. Thanks again, man. Quote Link to comment Share on other sites More sharing options...
mental invalid Posted May 21, 2003 Author Share Posted May 21, 2003 jesus..... dont fret.....that was just an email to give you some background.... hope the music helps a little bit..... Quote Link to comment Share on other sites More sharing options...
Weapon X Posted May 21, 2003 Share Posted May 21, 2003 http://www.angelfire.com/yt/scully2/images/cle1.jpg'> Republicans know them as the "base". Quote Link to comment Share on other sites More sharing options...
Guest BROWNer Posted May 21, 2003 Share Posted May 21, 2003 i'm consistently flabbergasted the bush administration is still in office. the blatant criminality is astonishing. these guys are the most ill propaganda(spin) managers in a long time. this administration looks to eclipse the success of big tobacco's 80 or whatever year PR war. Quote Link to comment Share on other sites More sharing options...
Guest BROWNer Posted May 21, 2003 Share Posted May 21, 2003 edit: i shouldn't use the word 'criminality' cuz these guys pretty much made the laws or their buddies did, so really alot of what they are pulling is actually legal, even though its becoming more and more contentious.. it's amusing how bush tries to slam democrats for their 'special interests'.... republicans have been pulling this card for years....funny thing is, 'special interests' almost always boils down to everything and everyone BESIDES the rich elite and powerful. Quote Link to comment Share on other sites More sharing options...
nomadawhat Posted May 21, 2003 Share Posted May 21, 2003 on another subject, i heard bush had a 10 year ban on the research and development of nuclear weapons by the usa lifted yesterday...... thats great....:rolleyes: Quote Link to comment Share on other sites More sharing options...
Esai Posted May 21, 2003 Share Posted May 21, 2003 Originally posted by nomadawhat on another subject, i heard bush had a 10 year ban on the research and development of nuclear weapons by the usa lifted yesterday...... thats great....:rolleyes: The funny part is how he uses the fact that other countries are developing WMD's as an excuse to start shit with everyone. How hypocritical, but it's crazy how stupid americans are to blindly agree. I really hope he isnt reelected, but homeboys pushin the propoganda strongly and wisely, by the time he's done we'll be in the dark ages. If he's re elected I have a nauseating suspicion that colin powell will be his republican succesor in 2008. Quote Link to comment Share on other sites More sharing options...
grittylifer Posted May 21, 2003 Share Posted May 21, 2003 really though. if we all stop paying federal taxes at once that administration is straight fucked. And with all the infantry non rich republicans for the most part...what they gonna do? bomb us into paying our hard earned moneys to their corrupt use of hypocrytic killing. fuck it. you got my vote on the succession of California. Quote Link to comment Share on other sites More sharing options...
Guest BROWNer Posted May 21, 2003 Share Posted May 21, 2003 republicans want MORE nukesz more on the nuke shit: washingtonpost article Quote Link to comment Share on other sites More sharing options...
Jesus of Nazareth Posted May 22, 2003 Share Posted May 22, 2003 "The other, also backed by the administration, would authorize $15 million to continue funding a study of ways to turn an existing nuclear weapon into a high-yield "bunker-buster" bomb capable of burrowing deep into the earth before exploding. Designed to destroy underground facilities, it would have a force 10 times that of the Hiroshima blast." This thing would fuck up the area it was used in so badly that it would be ridiculous. Earthquakes, volcanos and tsunamis in full effect. Quote Link to comment Share on other sites More sharing options...
Guest BROWNer Posted May 22, 2003 Share Posted May 22, 2003 i have no idea, but it would be super fucked up either way.. more nuke shit: nuclear rennaisance in america the new nuclear danger ~~~~~~~ toward true security: the US nuclear posture review for the next decade centre for strategic and international studies analysis of nuke posture my feet stink. Quote Link to comment Share on other sites More sharing options...
Mr. Mang Posted May 22, 2003 Share Posted May 22, 2003 Originally posted by mental invalid im just constantly amazed with how people keep a straight face in the bush admin, and how they are able to sell this to the blue collars...... amazing..... agreed. i was quite impressed and happy to read this article. thanks to mental for sharing. Quote Link to comment Share on other sites More sharing options...
Cracked Ass Posted May 22, 2003 Share Posted May 22, 2003 Originally posted by Ken Barlow Lets all hope he doesn't win again next year..... don't hope...vote Quote Link to comment Share on other sites More sharing options...
SteveAustin Posted May 22, 2003 Share Posted May 22, 2003 Originally posted by Girth Brooks its nice to see disgustingly wealthy people act like they give a damn...maybe they really do... Quote Link to comment Share on other sites More sharing options...
ubejinxed Posted May 23, 2003 Share Posted May 23, 2003 break down of the plan. The richest Americans -- that's both singles and married couples whose AGI tops $311,950 -- now pay tax rates up to 38.6 percent. That rate would be cut to 35 percent. Those who currently fall under the 35 percent bracket (single filers with incomes over $143,500 and joint filers with incomes over $174,700) will have their tax rate trimmed to 33 percent. Taxpayers in the 30 percent bracket will have their rate nipped to 28 percent. (That's singles with an AGI of $68,800 to $143,500 and married couples with an AGI of $114,650 to $174,700.) And those in the 27 percent bracket will pay no more than 25 percent. (Again, this applies to singles with incomes from $28,400 to $68,800 and married couples filing joint returns with an AGI between $47,450 and $114,650.) Meanwhile, lower-income earners in the 10 percent and 15 percent tax brackets won't get a cut. Even before the tax measure's passage, this year's federal shortfall was expected to rocket well beyond the unprecedented level of $300 billion. Of the bill's $350 billion price tag, $210 billion -- or 60 percent -- would occur this year and next. i'm so disgusted, by our leadership. i can't deal with Bush anymore. i really hope the democrats find a strong candidate to clean up the mess that bush has made. Quote Link to comment Share on other sites More sharing options...
JimmieWalker Posted May 23, 2003 Share Posted May 23, 2003 The rich get richer and the poor get poorer. Quote Link to comment Share on other sites More sharing options...
nomadawhat Posted May 23, 2003 Share Posted May 23, 2003 this planned passed on a 51 to 50 vote by congress....... Quote Link to comment Share on other sites More sharing options...
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