Monday, October 25, 2004

More Tax Breaks for the Rich

As John Kerry speaks about a Christian obligation to help the less fortunate (see post below), George Bush "quietly signs" a $136 billion corporate tax cut. The bill, which was originally intended to help the lagging U.S. manufacturing sector, quickly turned into an all-purpose giveaway, with everyone from NASCAR racetrack owners to importers of Chinese ceiling fans getting a substantial piece of the action. (Yeah, I'm sure cutting taxes on imports will keep those manufacturing jobs in the U.S.!)

The bill is being called "the most sweeping rewrite of corporate tax law in nearly two decades." (Notice the use of the word "rewrite" instead of "reform.") My tax law professor, by no means a liberal Democrat, addressed the bill in class, calling it "as bad a piece of tax legislation as has ever been enacted."

How long will Christians continue to see actions like this as irrelevant to their voting decision?

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