Bush quietly signs corporate tax-cut bill (from 2004)

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While Repubs and their talking heads on radio and TV are currently whining about HR:1 The American Recovery and Reinvestment Act, they were very silent back in '04 about this $136 billion give-a-way to the wealthy.

That is 136 billion with a "B"!
A 136 billion that you and I are on the hook to make up for.


A blast from the past:


Bush quietly signs corporate tax-cut bill
$136 billion measure assailed for catering to special interests
updated 1:44 p.m. PT, Fri., Oct. 22, 2004
WASHINGTON - With no fanfare, President Bush Friday signed the most sweeping rewrite of corporate tax law in nearly two decades, showering $136 billion in new tax breaks on businesses, farmers and other groups.

Intended to end a bitter trade war with Europe, the election-year measure was described by supporters as critically necessary to aid beleaguered manufacturers who have suffered 2.7 million lost jobs over the past four years.

But opponents charged that the tax package had grown into a massive giveaway that will add to the complexity of the tax system and end up rewarding multinational companies that move jobs overseas.

http://www.msnbc.msn.com/id/6307293/

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[benld74]

1. TAX CUTS CREATE JOBS!!! How many did this produce GOP?

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2. in China?