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Saturday, March 6, 2010

Fighting For The Wealthy

March 6th, 2010

Although Sen. Jim Bunning's (R-KY) congressional "hold" on extending unemployment benefits was lifted this past Tuesday, the fight over continued assistance to the neediest Americans is only beginning. The Republicans are playing very irresponsible games with assistance to the rich, so to speak, as is evidenced by the demands of legislators like Sen. Jon Kyl (R-AR).

From Paul Krugman in the pages of the New York Times.

"the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities."

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