So as YOUR TAXES go UP, see whose WON'T!
"The Bush administration expressed "strong opposition" to tax increases in the bill, which also would increase the top tax rate for most oil and gas companies to 35 percent from 32 percent."
After all those BILLIONS in PROFIT they made!
Not going to help you out, are they, 'murkn?!
Back up the butt goes the gas pump!
"House OK's tax increase for fund managers; Bill would also give AMT relief to 25m households in '08" by Bloomberg News | June 26, 2008
WASHINGTON - The House voted to boost taxes for executives of investment funds and many other kinds of partnerships to generate revenue to match money lost by preventing a $61.5 billion tax increase for 25 million American households this year.
The House voted 233 to 189 to send the bill to the Senate, where Republicans object to a provision that would more than double tax rates for certain partners of buyout, real estate, hedge fund, venture capital, and oil and gas firms. Republicans have vowed to use procedural techniques to block its passage there.
"Republicans believe that Congress should not raise taxes on one group of taxpayers in order to prevent a tax increase on another set of taxpayers," said Representative Jim McCrery of Louisiana, the ranking Republican on the House Ways and Means Committee.
The Bush administration expressed "strong opposition" to tax increases in the bill, which also would increase the top tax rate for most oil and gas companies to 35 percent from 32 percent.
The debate was a replay of last year when Democrats sought to block higher taxes on millions of Americans who would be affected by the alternative minimum tax. The tax was enacted almost 40 years ago to prevent wealthy Americans from avoiding federal income tax through excessive deductions, credits, and exemptions. The AMT was never indexed for inflation and has applied to a growing number of Americans.
--MORE--"
Message to Americans: F*** YOU!
And if you were hoping the Feds would help you save your house, think again:Foreclosure-rescue legislation stalls in Senate
