Heres one idea:
PERSONAL PERSPECTIVE / Give the money back: "AS AMERICANS worry about how to pay for the reconstruction of New Orleans and other communities destroyed by Hurricane Katrina, ( 100 billion) Heres one idea:
All those millionaires, multimillionaires and billionaires, who have received an estimated $135 billion in tax cuts over the past five years, should return the money to help with the reconstruction effort.
By 'millionaire,' I'm not using the quaint old definition of those with assets of more than $1 million. I'm referring to folks who earn more than $1 million each year, who now make up 0.2 percent of all households in America.
Maybe they could start by just returning the tax cuts they'll receive in 2005 -- on average, a hefty $103,000.
In contrast, the bottom 20 percent of Americans (those with an average income of $16,600) received an average tax cut of $230. Those in the middle 20 percent (with an average income of $57,400) have received a tax cut of $980. "
Monday, September 19, 2005
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