May 30, 2003
More Snowe-Blowing
This is too rich, even by Democrat's standard of hypocrisy. Republican
Senator Olympia Snowe of Maine, whose refusal to vote for the recent tax
cut almost sank it, is complaining.
In a tax-cut compromise made necessary because Republicans didn't have enough muscle (Ms. Snowe), negotiators in a House-Senate conference committee pared the child tax credit only to families that earned enough to pay taxes. In Maine, that means the parents of an estimated 40,000 children won't benefit from the credit. Snowe joined congressional Democrats who criticized Republican congressional leaders Thursday for refusing to make low-wage earners eligible for the increased child tax credit. [I did not make this up] |
I thought that it was a tax credit. To me that means that I can take up to $400 more off my taxes. I did not realize that it was a handout. I agree that all should get the "credit" against taxes paid. If you paid $300 in taxes, you would get $300 back etc. up to the maximum credit. If we hand it out to those that paid no taxes, then it is just a wealth redistribution, pure and simple and not really a tax crredit.
Posted by: Dan on May 31, 2003 11:51 PMOk
Posted by: Allan on October 23, 2003 08:22 AM