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Bush Campaign Ads . . . Brought to You by Special Interests
As President Bush's $10.5 million campaign ad blitz begins, Public Citizen released a report outlining who helped pay for the campaign ads and what favors they have received during his presidency.
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No Child Left Behind? The Funding Gap in ESEA and Other Federal Education Programs
The current reauthorization of the Elementary and Secondary Education Act (ESEA), known as No Child Left Behind (NCLB), raises high expectations for achievement and imposes stringent measures of accountability on students, teachers, and schools.
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October 13, 2004
Bush Misleads on Fiscal Responsibilities
In a speech Monday, President Bush advocated fiscal responsibility in government, saying, "we need to be wise about how we spend your money."1 He is now poised, however, to sign into law a massive, $137-billion tax giveaway to corporate and special interests.2
The tax bill was originally created to fix a $50-billion export subsidy that had triggered retaliatory tariffs by our trading partners. Instead of simply repealing the subsidy, Congress replaced it with a $77-billion giveaway to corporations, many of which never qualified for the original subsidy.3 It also provides $43 billion in tax breaks for companies operating overseas,4 including a giant break to top corporations like Hewlett-Packard and Eli Lilly that allows them "to bring hundreds of billions of dollars in untaxed foreign profits back into the United States at about one-seventh of the normal tax rate."5
Lawmakers larded down the bill with pork for their favored special interests. The bill included million-dollar tax cuts for fishing tackle box manufacturers, Chinese ceiling fan importers, horse and dog track gamblers and Native Alaskan whaling captains.6
Sources:
- "President and General Tommy Franks's Remarks at a Victory 2004 Rally in Morrison, Colorado," The White House, 10/11/04.
- "Payback on K Street," Washington Post, 10/12/04.
- "Senate Passes Big Tax Breaks," Los Angeles Times, 10/12/04.
- "Congress Gives Away the Store," New York Times, 10/12/04.
- "Senate passes $137 billion cut in business tax," Baltimore Sun, 10/12/04.
- "Congress OKs corporate tax bill, hurricane disaster aid," Daily Herald, 10/12/04.
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