As seen below, if Republicans would stop giving our national wealth away to their rich friends, the majority of the people in this country would not have to suffer so much:
Republicans want to cut $11.2 billion from early childhood programs,
But they spent $11.5 billion per year on tax cuts for millionaires’ estates.
Republicans want to cut $8.9 billion on low-cost hosing programs,
But they spent $8.9 billion allowing mortgage interest deductions for vacation homes (10-yr. cost).
Republicans want to cut $7.6 billion from supplemental nutrition for poor families,
But they loose $6.7 billion by allowing “estate planning” techniques used by the wealthy to avoid taxes.
Republicans want to cut $4.6 billion for teacher training and after-school programs,
But they will loose $5.2 billion by removing the limit on itemized deductions for high-income taxpayers in FY2011.
Republicans want to cut $4.1 billion for job training for unemployed and new workers,
But they spent $4.1 billion on tax breaks for offshore operations of U.S. financial companies.
Republicans want to cut $2.5 billion for Low Income Energy Assistance (LIHEAP) grants to poor families,
But they will spend $2.5 billion on tax breaks for oil companies as write-offs for drilling and oil well coats in FY 2012).
Republicans want to cut $2.5 billion for community health centers,
But they spent $4.9 billion by extending alcohol fuel tax breaks.
Republicans want to cut $2 billion for Homeless Assistance Grants,
But they will spend $2.3 billion in a tax loophole for managers of hedge funds and private equity funds in FY 2012.
Republicans want to cut $420 million for legal services for the poor,
But they spent $312 million by allowing companies to write off their punitive damages (10-yr. cost).
Republicans want to cut $317 million for Title X family Planning,
But they spent $303 million on special tax breaks for the timber industry.
And in summary: – Republicans want to cut $44 billion from programs that benefit the citizens of our country,
But they could have saved $42 billion in just one year (FY2012) by not extending the Bush tax cuts for the top tax brackets.
Regards,
Jim
Andy Hailey