Deficit caused by Bush Tax Cut Giveaway to the Rich, NAACP chief says
Friday, April 22, 2005 at 09:45PM
TheSpook
NAACP chief Julian Bond said Americans should be concerned about the Bush
administration’s actions toward the poor and disadvantaged. “The
current administration came into office four years ago inheriting a
surplus, and within little more than a year, they’ve created one of the
largest deficits in history,” Bond said. “The reason for that deficit
isn’t the war in Iraq, or any of the other things we did after 9/11.
It’s entirely based on the tax giveaways to the rich. “And the
consequence is that programs that help people at the bottom of the
economic scale are now being sacrificed in the name of this giveaway to
the richest 1 percent of the population. ... It’s an awful state of
things.” In October, the IRS launched an investigation of the NAACP
because Bond allegedly made partisan remarks in a speech at the NAACP
National Convention in July — the idea being that Bond had violated the
NAACP’s tax-exempt status by, in effect, campaigning against Bush. But
the NAACP has refused to obey the IRS’ repeated orders since January to
turn over documents related to the speech, arguing that the
investigation — launched in October, right before the presidential
election but several months before tax returns are filed — was outside
the IRS’ authority and was designed to distract the NAACP from its
get-out-the-vote activities. . [more]
Article originally appeared on (http://brownwatch.com/).
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