October 13, 2004

Hi Ho Away We Go...

We're on the road to Fascism:
"The Senate gave final approval yesterday to the most significant corporate tax legislation in nearly 20 years, sending President Bush a 650-page measure that reduces taxes for domestic manufacturers, builders and even Hollywood studios and doles out scores of tax breaks for interests ranging from tackle box makers to Native Alaskan whaling captains...

Sen. John McCain (R-Ariz.) pronounced it "disgraceful" and "a classic example of the special interests prevailing over the people's interest."

Ron Field, vice president of public policy for Volunteers of America, a national volunteer social service program, said: "Congress is turning its back on the very service organizations it claims to support through faith-based and community initiatives, while providing billions of dollars in new tax breaks to wealthy corporations."
First it was big tax breaks for the rich, now big tax breaks for the companies they own (including tobacco companies). It's still not clear whether it will be possible to enact the bill before November 2nd.

WP story here: Senate Passes Corporate Tax Bill.

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