Wednesday, February 21, 2007

Some highlights from Taibbi

Some things worth highlighting from Taibbi's review of that Bush person's budget.

If the Estate Tax were to be repealed completely, the estimated savings to just one family -- the Walton family, the heirs to the Wal-Mart fortune -- would be about $32.7 billion dollars over the next ten years.The proposed reductions to Medicaid over the same time frame? $28 billion.

Or how about this: if the Estate Tax goes, the heirs to the Mars candy corporation -- some of the world's evilest scumbags, incidentally, routinely ripped by human rights organizations for trafficking in child labor to work cocoa farms in places like Cote D'Ivoire -- if the estate tax goes, those assholes will receive about $11.7 billion in tax breaks. That's more than three times the amount Bush wants to cut from the VA budget ($3.4 billion) over the same time period.
  • Cox family (Cox cable TV) receives $9.7 billion tax break while education would get $1.5 billion in cuts

  • Nordstrom family (Nordstrom dept. stores) receives $826.5 million tax break while Community Service Block Grants would be eliminated, a $630 million cut

  • Ernest Gallo family (shitty wines) receives a $468.4 million cut while LIHEAP (heating oil to poor) would get a $420 million cut
and on and on and on.


  1. absolutely and depressingly brilliant

  2. I saw some of these 'stats'
    I think its time we considered resurrecting indentured servitude so
    these families can have a little more security. I'd hate to see them punished for their success

  3. Wow.
    thanks for posting this.