Today is a sad anniversary. Ten years ago on this date President George W. Bush signed into law a $1.35 trillion tax cut primarily benefiting the wealthiest Americans and plunging our country into massive debt.
The tax cuts have exacerbated the divide between the super-wealthy and the rest of us, to the point that 1% of Americans now control 40% of the nation’s wealth.
Millionaires and corporations are paying less now than they ever have before, and the results are obvious. We are no longer able to invest the funds we need to in schools, job creation and vital public programs that form the bedrock of American society.
Now, some politicians in Washington and in Augusta want to go farther down the path towards iniquity with cuts to Social Security and Medicare federally, and health care and pensions locally, in order to pay for new tax cuts for corporations and the wealthiest in our society.
It’s time for all of us to pay our fair share and work together to invest in the services that protect our families. I hope Maine’s federal representatives will support the new Fairness in Taxation Act, which would restore tax fairness by creating a new federal income tax bracket for those making more than $1 million annually. Read more »
No one back in 2001 could have fathomed how prescient this Onion article, published eight years ago on the eve of Bush's inauguration, would now seem. Tomorrow we celebrate a renewal of America, (and celebrations are planned all over Maine) but today is a chance to say goodbye to a presidency that will forever be known for war, recession, disaster, secrecy, debt and inhumanity at home and abroad.
Here's one imagining of what President Bush will be up to tonight, his last in office, and a song that fits the moment well: