Quote:
Originally Posted by eweissenbach
The irony is that billionaires such as the Koch Brothers have spent millions (which could go to taxes to help us out of the budget imbalance) to promote politicians who will not raise their taxes, and organizatons such as grover norquist's, which will intimidate politicians into signing an agreement not to raise taxes. Tens of millions of conservatives have been convinced by big-money interests that raising taxes on wealthy individuals would be in their best interest, which could not be further from the truth. Clinton era tax rates, which produced our last budget surpluses, were cut in the highest brackets by Bush, which began, among other factors, our downhill slide. Conservatives have bought into a lie, perpetrated by those who stand the most to gain by low upper-bracket tax rates, and huge tax credits and deductions. Meanwhile the vast majority of us suffer while the wealthy enjoy historic wealth, much of which may be deserved, but the disparity is astounding.
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These millionaire senators "enjoyed historic wealth" and "the disparity was astounding" between them and the rest of us long before the Bush tax cuts came along.
And you'll not be able to convince me that the "lofty", "magnanimous" Democrats in this list do not take advantage of nor use the "low upper-bracket tax rates, and huge tax credits and deductions". They milk the tax breaks and loopholes just as any thinking person would.
Senate millionaires (2003)
John Kerry, D-Massachusetts: $163,626,399
Herb Kohl, D-Wisconsin: $111,015,016
John Rockefeller, D -West Virginia: $81,648,018
Jon Corzine, D-New Jersey: $71,035,025
Dianne Feinstein, D-California: $26,377,109
Peter Fitzgerald, R-Illinois: $26,132,013
Frank Lautenberg, D-New Jersey $17,789,018
Bill Frist, R-Tennessee: $15,108,042
John Edwards, D-North Carolina: $12,844,029
Edward Kennedy, D-Massachusetts: $9,905,009
Jeff Bingaman, D-New Mexico: $7,981,015
Bob Graham, D-Florida: $7,691,052
Richard Shelby, R-Alabama: $7,085,012
Gordon Smith, R-Oregon: $6,429,011
Lincoln Chafee, R-Rhode Island: $6,296,010
Ben Nelson, D-Nebraska: $6,267,028
Lamar Alexander, R-Tennessee: $4,823,018
Mike DeWine, R-Ohio: $4,308,093
Mark Dayton, D-Minnesota: $3,974,037
Ben Campbell, R-Colorado: $3,165,007
Chuck Hagel, R-Nebraska: $2,963,013
Olympia Snowe, R-Maine: $2,955,037
James Talent, R-Missouri: $2,843,031
Arlen Specter, R-Pennsylvania: $2,045,016
Judd Gregg, R-New Hampshire: $1,916,026
John McCain, R-Arizona: $1,838,010
James Inhofe, R-Oklahoma: $1,570,043
John Warner, R-Virginia: $1,545,039
Kay Bailey Hutchison, R - Texas: $1,513,046
Mitch McConnell, R-Kentucky: $1,511,017
Harry Reid, D-Nevada: $1,500,040
Sam Brownback, R-Kansas: $1,491,018
Thomas Carper, D-Delaware: $1,482,017
Ted Stevens, R-Alaska: $1,417,013
Maria Cantwell, D-Washington: $1,264,999
Barbara Boxer, D-California: $1,172,003
Orrin Hatch, R-Utah: $1,086,023
Mary Landrieu, D-Louisiana: $1,080,014
Bill Nelson, D-Florida: $1,073,014
Charles Grassley, R-Iowa: $1,016,024
*These figures are base estimates provided by senators on their financial disclosure forms.
http://www.cnn.com/2003/ALLPOLITICS/...tors.finances/
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