Monday, June 02, 2003

The Reverse Robin Hood If you wanted a quintessential example of what the Bush administration and its legislative cronies are about, it was right there on the front page of The Times last Thursday: "Tax Law Omits $400 Child Credit for Millions." The fat cats will get their tax cuts. But in the new American plutocracy, there won't even be crumbs left over for the working folks at the bottom of the pyramid to scramble after. When House and Senate negotiators met to put the finishing touches to President Bush's tax bill, they coldly deleted a provision that would have allowed millions of low-income working families to benefit from the bill's increased child tax credit. It was a mean-spirited and wholly unnecessary act, a clear display of the current regime's outright hostility toward America's poor and working classes. The negotiators eliminated a provision in the Senate version of the tax bill that would have extended benefits from the child tax credit to families with incomes between $10,500 and $26,625. This is not a small group. According to the Center on Budget and Policy Priorities, the families that would have benefited include about 12 million children � one of every six kids in the U.S. under the age of 17. While the tax bill will lavish hundreds of billions of dollars in benefits on people higher up the income scale, it leaves this group of working families very ignominiously behind. And readers of yesterday's Times learned that another group of some eight million mostly low-income taxpayers � primarily single people without children � will also be left behind, getting no benefit at all from the president's tax cuts. Forget about trickle-down. The goal of this administration is to haul it up. The provision to extend the tax credit to more low-income families was the work of Senator Blanche Lincoln, an Arkansas Democrat who noted that half of all taxpayers in her state had adjusted gross incomes of less than $20,000. The full Senate approved the provision, but the negotiators knocked it out at the last minute, behind closed doors.� http://www.nytimes.com/2003/06/02/opinion/02HERB.html