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In "Billionaire Backlash," wealthy donating tax cuts to defeat Bush agenda

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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 10:48 PM
Original message
In "Billionaire Backlash," wealthy donating tax cuts to defeat Bush agenda
Edited on Thu Apr-07-05 11:01 PM by Atman
Why didn't we see this earlier? Wow...great story! Considering the source, though, I'd doubt we could call this a certified trend, but it is nice to know that not all rich people like Bush!

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Some of America's Richest Say 'No, Thanks' to Bush Tax Cuts

Oneworld.net

WASHINGTON, D.C., Apr 7 (OneWorld) - Some of America's wealthiest individuals have declined billions of dollars in tax cuts bestowed upon them by President George W. Bush's administration and have urged others among the country's richest and most famous to donate their federal tax cuts to campaigns against the Bush package, often described as ''tax breaks for the rich.''

''It's obscene that Washington is handing out tax breaks to millionaires with one hand and shredding the safety net with the other,'' said Marta Drury, a member of Responsible Wealth, a national network of affluent Americans advocating what they term ''widespread prosperity'' and concerned that a deepening wealth divide in America is undermining the country's social and democratic fabric.

''So I'm calculating my 2004 tax cut and donating it to organizations fighting for responsible, fair, and adequate taxes. I don't believe that people like me with incomes over $200,000 need $69 billion in tax cuts,'' Drury added, referring to the total estimated value of 2004 tax cuts granted Americans in her income bracket.

Responsible Wealth, founded in 1997 and claiming 1,000-plus members, has stood at the forefront of what Time magazine termed the ''billionaire backlash'' against elite tax cuts and Bush's proposal to repeal the estate tax. On Wednesday, members urged others in the ranks of America's rich and famous to join the ''Responsible Tax Pledge'' initiative.

<snip>

Full Story at Yahoo! News
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Liberty Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 10:53 PM
Response to Original message
1. Great story--but link doesn't work.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 11:02 PM
Response to Reply #1
3. Link fixed - nt
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Maat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 11:02 PM
Response to Original message
2. Thanks for the post.
I'm going to look them up.
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Erika Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-07-05 11:13 PM
Response to Original message
4. Jesus instructed us on how to treat the least amongst us
Maybe these rich take those instructions to heart. If they are Christians, they have judgment day to consider. Of course, W will try buying his way into heaven by giving St. Peter a huge tax break and a visit to Crawford.
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Liberty Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 12:43 AM
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5. I just e-mailed Buy Blue and urged them to join this campaign
by urging members to e-mail CEOs of companies that haven't signed on and ask them to join the Responsible Tax Pledge initiative.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 06:44 AM
Response to Original message
6. A morning kick (nt)
.
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berni_mccoy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 07:15 AM
Response to Original message
7. I'm not a billionaire
But I did benefit from Bush's tax cut. I donated it to various democratic causes during last year's campaign.

The majority of people I know in this situation (fair balance of democrats, republicans and independents), including people *much* wealthier than I, did *not* want Bush re-elected.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-08-05 07:20 AM
Response to Reply #7
8. Yeah. Too bad the exit polls were wrong.
*cough couch*
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