One of America’s richest says no
Here’s what Warren Buffett, one of the richest people in America, has to say about the Bush tax cut plan:
When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a “break” requires — now or down the line — that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can’t deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party.
He has more to say on the matter, and said much of it in a column in today’s Washington Post. Bush’s supporters were quick to strike back ,of course, as having someone like Warren Buffett criticize your tax plan is never a good thing, but their arguments are just a lot of sound and fury, signifying nothing. They continue to try to defend what is essentially a giveaway to the wealthy with what have been shown to be lies.
