Wednesday, September 08, 2004

 

Bush's Anti Labor day . . .

From a "must read" from a new site called New Donkey.com by Ed Kilgore:

". . . George W. Bush spoke to union audiences on the last three Labor Days, but instead spent yesterday regaling a partisan crowd in rural Missouri with his stump speech.

"Now perhaps BC04 simply couldn't find a friendly union audience this time around. . .

"But the attitude of this president towards labor is worth thinking about in some depth.

"And I'm not just talking about the labor movement . . .

"On a more fundamental level, however, Bush's policies represent the most profound disrespecting of the value of labor and the contributions of working families to our economy in a long, long time.

"The most obvious example of this attitude is the administration's tax strategy . . .
. . . eliminating federal taxation of inherited wealth . . .
. . . 'flattening' personal income tax rates, and is reportedly flirting with a full-fledged "flat tax" assault on the principle of progressive taxation. . .
. . . Everywhere you look, the federal tax base is getting narrower, and where it's broadest is in the taxation of work.

". . . Bush's borrowing binge means that this narrow tax base will have to sustain an even-larger share of today's spending and tomorrow's interest costs. Add in the strong possibility that the GOP's raids on the Social Security trust fund will likely mean either (a) cuts in benefits or (b) increases in the most regressive tax on labor, the payroll tax, and you've got one of the most profound tax shifts from wealth to work in history. And that's without even considering the reverse-Robin-Hood tilt of Bush's spending policies....

"But it gets worse. Bush's economic strategy, such as it is, increasingly focuses on the atavistic premise that lowering the cost of doing business is the sole key to economic growth . . ."

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