WP: Bid to Save Tax Refunds for Poor Blocked (as add $13B corp. breaks)

[DeepModem Mom]

Bid to Save Tax Refunds for the Poor Is Blocked

By Jonathan Weisman
Washington Post Staff Writer
Thursday, September 23, 2004; Page A04

Congressional negotiators beat back efforts yesterday to expand and preserve tax refunds for poor families, even as they added $13 billion in corporate tax breaks to a package of middle-class tax cuts that could come to a vote in the Senate today.

The House-Senate negotiations concluded last night with the approval of a five-year $146 billion tax cut, the fourth tax cut in as many years. By the end of this week, Republican leaders expect to pass extensions of three tax cuts primarily aimed at middle-income taxpayers -- a $1,000-per-child tax credit, tax breaks for married couples and a 10 percent income-tax bracket that was expanded last year.

But the fight over the child tax refunds during the negotiations revealed a split among GOP tax writers.

Senate Finance Committee Chairman Charles E. Grassley (R-Iowa) sided with Democratic leaders in pushing for changes in the child tax credit to ensure that millions of poor families would not see their credits shrink or disappear next year.

House Majority Leader Tom DeLay (R-Tex.) and House Ways and Means Chairman Bill Thomas (R-Calif.) opposed the move, as did Sens. Don Nickles (R-Okla.) and Trent Lott (R-Miss.). That effectively scuttled changes to existing law....


http://www.washingtonpost.com/wp-dyn/articles/A43278-2004Sep22.html

[Beetwasher]

1. Feh! Screw The Poor, They're Just Lazy!

Especially the children! :eyes:

[aquart]

2. Change this Congress.

[74dodgedart]

3. Let them eat cake..

[UpInArms]

5. cake? how about mudpies? ........ n/t

[cthrumatrix]

4. people voted for these assholes....this is what you get.

[bain_sidhe]

6. Hot stock tip: Pitchfork and torch manufacturers!

I mean, really, "beat back"? Sounds like they're fighting off a peasant revolt! And if not now, pretty soon!

[Mel]

7. last two paragraphs

<snip>Nickles told negotiators that the largest tax refund program -- the earned-income tax credit -- is already riddled with abuse and mistaken payments, and that he did not wish to expand another tax refund program until those problems have been sufficiently addressed. House leaders have long argued that tax cuts are meant to be relief for taxpayers, not added welfare payments for those who do not pay income taxes.

I ask you what the hell is their problem? I already know, they don't give a damn about the poor but you better believe the Corporations will get their 'welfare payments' from the Republicans on OUR that's the people's dime.


Instead, they focused on a package of 20 expiring business taxes worth $13 billion, including a research and experimentation tax credit worth $7.6 billion through 2014, a $700 million tax credit for hiring welfare recipients, and smaller breaks to help Caribbean distillers, clean-fuel vehicle manufacturers, environmental remediation and wind energy, among others.</snip>

This House of Reps. is Government for the Corporation and run by the Corporation while they give the serfs that's us crumbs and people that suck this crap up and continue to vote for these fascists are crazy!

[struggle4progress]

8. kick

:kick: