Bloomberg on Bush Tax Cuts

http://www.futureofcapitalism.com/2010/07/bloomberg-on-bush-tax-cuts

In an article headlined, "Tax Cuts for High-Income Americans Depend on Democrats Blinking," Bloomberg News takes a look at the prospect that certain Bush-era income tax cuts will be extended for at least another year. The article mentions the views of seven people: Senator Wyden, Senator Voinovich, Roberton Williams, Nancy Pelosi, Steny Hoyer, John Boehner, and Stan Collender. Of these, only one, Mr. Boehner, is a real supporter of the Bush tax cuts.

Mr. Collender, identified by Bloomberg only as "a former House and Senate budget analyst who is managing director of Qorvis Communications, a Washington communications firm," turns out to be a Clinton appointee who gave $1,000 to the Democratic National Committee in 1992, $1,000 to Hillary Clinton in 2000, $1,000 to left-wing Democrat Rosa DeLauro in 2009, and $1,000 to Democratic candidate for U.S. Senate Paul Hodes in March 2010, according to FEC records.

Families earning more than $250,000 a year are described in the Bloomberg article as "wealthier Americans," "high-income people," "the most prosperous Americans," and beneficiaries of a tax "break."

by Ira Stoll  |  Jul 13, 2010 at 10:19 am Related Topics:  Definition of 'Rich', Non-Profits, Politics, Press, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list