|Actually, that would be the rich tax.|
Image from ThinkProgress.
I was thinking about this the other day. You've got your Foster Friess, your Sheldon Adelson, your Koch Brothers, all obscenely rich. I will not begrudge them their money, they earned it (one way or the other). But these guys have millions just to piss away on quixotic candidates like Newt Gingrich and Rick Santorum. They fund think tanks and lobbyists, and cabals like ALEC, which ghost-writes legislation enacted later by Republicans. All of this money is spent with the prospect of making even more money. Much more money then they have to spend buying politicians. All of the guys above are in their seventies. What the frack are these guys saving up for? Are they buying a country (besides the one they're currently buying) to while away their eighties? Why do billionaires need to work so hard to make even more billions? For what?
But I digress.
CHART: House GOP Budget Cuts Taxes For The Rich, Raises Taxes On The Poor
As ThinkProgress has detailed, the House Republican budget, authored by Budget Committee Chairman Paul Ryan (R-WI), pays for massive tax cuts for the wealthiest Americans by cutting spending from programs that primarily benefit lower-income Americans. While giving an average of $187,000 to each millionaire, the budget finds 62 percent of its cuts from programs that benefit the lower- and middle-classes, kicking millions off of food stamps, gutting Pell Grants, and slashing Medicare and Medicaid. . .
Read more at: Think Progress