Trust Fund Purse Snatchers
All The Spin That’s Fit To Print
June 2, 2003
Forget about it. The Gray Lady will not change the bias streaks in her hair. No matter how glaring the hypocrisy, the New York Times is apparently unwilling or incapable of purifying their prejudicial streaks from the reporting of the news. Ipso Facto, the paper is a propaganda rag.
The Times’ latest perceived destruction of society at the hands of the vast right wing conspiracy is the Bush tax plan’s apparent attempt to make the rich even richer at the alter of child sacrifice. Ace reporter, David Firestone, in his 29 May 2003 article, raised the headline banner, “Tax Law Omits Child Credit in Low-Income Brackets”. With a Code-Red sense of urgency, Firestone writes, “…the tax bill that President Bush signed today will prevent millions of minimum-wage families from receiving the increased child credit.”
By calling in a cast of supporting actors, Firestone emphasizes that, “liberal and child advocacy groups discovered that a different group of families would also not benefit from the $400 increase — families who make just above the minimum wage.” Just in case you still don’t comprehend the depth of Bush’s infanticidal urges, within hours of this national alert the beacon of truth, Bill Moyers, charged that the Bush tax conspiracy results in, “Eleven million children punished for being poor, even as the rich are rewarded for being rich.”
Now that the First Responders of biased reporting have all decent folk spinning into their bunkers, it’s time to raise the issue of fact and logic before the next JDAM BLU-109 thunderously destroys any thread of truth.
The thrust of the Firestone article accurately states that families with incomes below $26,625 are not eligible for the additional $400 child tax credit. And, even more fiendishly, families with incomes less than $10,500 who are not eligible for the original $600 child tax credit will certainly not be eligible for, “the $1,000 credits because they do not pay federal taxes.” How shocking that our government restrained itself from the further harvesting of funds from taxpayer dollar-donors for transplant into non-taxpaying dollar-receivers. Those damn Republicans!
Hit the ground…incoming epiphany! The top 50% of all taxpayers is shouldering more than 96% of the total income taxes paid. The Bottom 50% is paying under 4% of those taxes. In effect, the bottom 50% is paying no taxes. Additionally, over 19 million people in that bottom 50% are already claiming over $33 billion in Earned Income Credits (EIC’s). A peek behind the nomenclature of the EIC undresses this creature as just another form of income redistribution…take from those who have and give to those who have not. One of the greatest legal vote buying schemes of the millennium.
The precept of tax reduction is to reduce the taxes of those that actually pay them. The liberal precept of tax reduction apparently orbits around using the veil of reductions as cover-fire for bloating the already obese system of entitlements and further increasing the deficit. The end result would be increased freebies for non-taxpayers and eventual increased taxes for those who actually pay. Hey…somebody has to at least pay the interest on an ever-growing deficit. To increase revenue through tax reduction while exponentially expanding expenditures entertains the productivity of smoking during chemotherapy.
And talk about Fat Cats…David Harris, president of the Children’s Research and Education Institute fired this smart bomb, “If we were going to have a tax cut to give $1,000 to all these other kids, there’s no reason not to include these kids, too.” David Harris and other members of the extended Harris family benefit immensely from the various tax laws protecting foundations and trusts from taxation. So much so, that the 2001 IRS Form-990 for the Children’s Research and Education Institute itemizes tax protected purchases of thousand dollar chairs and a $450 ottoman. Must be nice to sit your privileged behind in such plush taxpayer subsidized surroundings.
Oh…almost forgot…that same Form-990 also has the NO boxes checked for two critical non-profit qualifying questions: During the tax year (1) Did the organization attempt to influence any national, state, or local legislation and (2) Carry on propaganda, or otherwise attempt to influence legislation?
What do you call Harris’ January 21, 2003 press release on the Children’s Research and Education Institute letterhead where he, in direct quotation, demands that, “In the next tax cut, we must make sure that all families get the help they need to raise their children. Expanding the Child Tax Credit is not only fair tax policy, it’s also commonsense economic policy.” I guess if you are a card-carrying member of the privileged non-profit wine and cheese crowd government laws don’t apply.
There is a simple rule of linguistics that the New York Times, Liberals and self-anointed non-profit “advocates” must get through their heads…You can only get a tax refund if you pay taxes. Getting treasury dollars without paying any taxes is, by any other name, income redistribution…ergo welfare. But that just wouldn’t be convenient for the wordsmiths of propaganda and spin.
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