Top-heavy budget |

Top-heavy budget

The proposed 2006 federal budget is a giveaway to the super rich, mega corporations and a runaway military. We have the largest deficit in history – more than $400 billion. Half of the deficit comes from the tax break legislation of the last four years and another 37 percent from spending on the Iraq war. The proposed budget continues this trend.

Budget winners:

• Corporations: The Commerce Department figures showed that pretax corporate profit rose 26 percent from 2001-2003, but corporate tax payments fell 21 percent (???!) If only households were given such breaks.

• Super rich: The proposed budget includes $1.6 trillion in tax cuts for the wealthiest.

• War profiteers: Halliburton and other companies have received no-bid contracts to rebuild what was destroyed in Iraq. They have overcharged the taxpayers untold millions.

Budget losers:

• Education: Elementary schools will receive $12 billion less than was promised.

• Health: The proposed budget makes gigantic cuts in health care. According to the National Academy of Science, 18,000 died last year due to the lack of health care.

• Other essential services: The proposed budget cuts or caps on job training, veterans’ health services, housing, community development and consumer protection.

Welcome to the next third world country.

Paula and Jerome Orloff

Nevada City

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