The twinge you felt in your ass today was not last night's taco night overindulgence. It was, in fact, Congress eyeing your ass for a reaming. Because the tax cuts are hanging around like your indigestion.
I'll let the pussy-footing Democrats spell it out for you:
"Everybody loses under this bill. Everybody, that is, except the top one-fifth of 1 percent," said Rep. John Lewis, D-Ga. "Some might call them the superrich. Apparently, the majority calls them donors."
Oh, and there's this little gem:
The House rejected an alternative tax package drafted by Democrats that would have omitted the tax breaks for investment income. It also would have replaced $43 billion in government revenue lost to tax cuts by raising taxes on individuals earning more than $500,000 and couples earning more than $1 million.
Imagine, as the late John Lennon would say, what $43 billion could do. That could put SpongeBob on every package of spinach until 2020. Physical education classes could help tame obesity. Perhaps we could pick up some of the kids we left behind by underfunding No Child Left Behind. Perhaps patch up some levees in low-lying areas. But, no, the rich couples simply must keep their hard-earned money while the rest of us toil away in the mines. Or whatever it is us poor people do. Would that I was part of a couple that made over $1 million a year. All I need to do is find a guy who makes $972,000 a year and I can be in that wondrous bracket.
But, at least the news isn't all bad:
The tax bill includes some items popular with both Republicans and Democrats. Most of those provisions preserve tax breaks that would otherwise expire in a few weeks, including deductions for state and local sales taxes, tuition and classroom supplies purchased by teachers.
Well, at least the kids will have crayons IF TEACHERS BUY THEM. Isn't that what federal funding can be for? School supplies?
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