The Republicans have once again said “fuck middle America” and spent their time giving tax breaks to the rich:
The Senate gave final approval Thursday to a $70 billion election-year package of tax cuts that will extend lower rates for investors and also save billions for families with above-average incomes.
The Senate passed the measure by a 54-44 vote, clearing it for President Bush’s signature.
The legislation provides a two-year extension of the reduced 15 percent tax rate for capital gains and dividends, currently set to expire at the end of 2008.
It also will extend for one year recent changes to the alternative minimum tax — originally aimed at making sure the wealthy pay at least some taxes — to prevent it from hitting more upper middle-income families.
Basically for the common American family they will save $20 a year. For the upper families (those over $1 million a year income), they will save $42,000 a year. Well gee now I feel better. That 20 bucks won’t even fill the gas tank. Take that 20 and shove it up your ass Congress.