Bad Deed Special: Republicans are Transferring Wealth to the Rich

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