October 6th, 2006

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So Much for the Border Fence

Friday, October 6th, 2006

This is pathetic:

WASHINGTON - No sooner did Congress authorize construction of a 700-mile fence on the U.S.-Mexico border last week than lawmakers rushed to approve separate legislation that ensures it will never be built, at least not as advertised, according to Republican lawmakers and immigration experts.

GOP leaders have singled out the fence as one of the primary accomplishments of the recently completed session. Many lawmakers plan to highlight their $1.2 billion down payment on its construction as they campaign in the weeks before the midterm elections.

But shortly before recessing late Friday, the House and Senate gave the Bush administration leeway to distribute the money to a combination of projects — not just the physical barrier along the southern border. The funds may also be spent on roads, technology and “tactical infrastructure” to support the Homeland Security Department’s preferred option of a “virtual fence.”

Shame on the Republicans, including President Bush, for pulling a bait-and-switch on this issue. Gambling with border security for political means is dangerous and opposite to the Republican Party’s principles… that’s assuming the Party has any left.

This is ridiculous. Will it even matter if the Democrats take control of Congress? They would pass bills, and Bush would veto them. I’m almost starting to like the prospects of a gridlocked government the more I hear of clownery on the Hill such as this recent maneuver in immigration enforcement (or lack thereof).

H/T Boortz.

‘Tax Cuts Helped the Poor, Too’

Friday, October 6th, 2006

The Club for Growth links to another excellent article that debunks the “Bush’s tax cuts only helped the richest 1%” myth.

All animals have reflexes. Wake a sleeping dog and he’s likely to snap at you. Political animals have reflexes, too. Mention the Bush tax cuts and a liberal will go off on how they only helped “the top 1 percent.”

But the fact is taxpayers in the bottom bracket benefited the most from the across-the-board rate reductions, newly released Internal Revenue Service data analyzed by the Tax Foundation show.

For example, people who earned $1.75 million in 2000 paid $513,625 in income taxes, a rate of 29.35 percent. In 2004, the rate was down to 25 percent, so the tax liability on that income fell to $437,500, a tidy 14.8 percent tax-burden reduction.

Meanwhile, people with incomes of $35,000 in 2000 paid $2,989 in taxes, a rate of 8.54 percent. After the Bush tax cuts, the tax on $35,000 fell to $1,792, or 5.12 percent, or a whopping 40 percent tax-burden reduction.

So in short, a millionaire got a tax reduction of 14.8%, while a middle class American (making $35,000 a year) got a 40% reduction.

So much for all that “tax cuts for the rich” talk that liberals love to spew out.

In other news, the Dow Jones Industrial Average has broken the record for all-time closing high, and broken it yet again the very next day. The stock market is booming, unemployment is extremely low, and gas prices are falling (though OPEC is talking of cutting production). Did the Bush tax cuts on capital gains encourage investment, thus lending a hand to the booming economy? Does letting people keep more of their money lead to more consumer activity, more production, more job creation, thus more economic expansion? Does cutting taxes really bring in more tax revenues for the government due to the aformentioned economic expansion?

Every day, the data answers the previous questions with a resounding YES.