John Holton (john_holton) wrote,
John Holton
john_holton

Party of the Wealthy promises more tax cuts for the rich

The focus on the AMT is hardly surprising, given that victims of the tax have been concentrated in high-cost urban areas such as Washington, New York and San Francisco -- places that tend to vote Democratic.

Now, I remember that the Democrats have fought tooth and nail to keep the AMT every time it's come up for elimination under a Republican Congress, claiming that to do so would punish the middle class and reward the wealthy. Perhaps no one has noticed--or has conveniently ignored--that the number of wealthy Democrats is much higher than the number of wealthy Republicans. Speaker Richbitch is the second wealthiest member of the House of Representatives; she's worth four times what the President is worth. The Kerry-Edwards ticket was worth about 1.1 BILLION dollars, or roughly ONE HUNDRED TIMES the evil Bush-Cheney one. These are the people who are going to benefit from the elimination of the AMT.

Meanwhile, as a self-employed individual, my marginal tax rate is 33 percent--the same as Exxon-Mobil, Wal-Mart and all of the other evil rich corporations--and it's MY taxes that are going to go up. Count on it.

Like I've said time and again...I'm not a Democrat because I'm not rich enough.
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