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Billionaires Group Celebrates Flat Tax Candidate On
Tax Day |
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BOSTON
- April 15 - Billionaires
for Steve Forbes celebrated
Presidential candidate Steve Forbes’ pro-wealthy platform with a New
Orleans-style jazz funeral today in Portsmouth, New Hampshire.
The billionaires carried coffins labeled “Forbes Will Bury Social Security,”
“Forbes Will Bury Public Education,” and “The Flat Tax Will Bury Working
Americans.” At the front of their celebratory funeral procession was
a banner proclaiming “Billionaires for Steve Forbes: Because Inequality
Isn’t Growing Fast Enough.”
“Steve Forbes is the only candidate who understands the needs of the
super-rich to eliminate taxes on investment income and to cut back costly
programs that do nothing for people like us. We all send our children
to private schools, and none of us need Social Security or Medicaid.
Given all our campaign contributions, we billionaires deserve the best
government money can buy,” said Billionaires spokeswoman Dolly Bill.
Last month, the Boston-based group received quite a bit of attention
at Mr. Forbes’ presidential campaign kick-off announcement in Concord,
NH. The billionaires chanted “Let workers pay the tax, so investors
can relax,” and “Spare the wealthy pain, no tax on capital gain.” They
held signs saying “Tax Cuts for Me, Not My Maid.”
Steve Forbes’ flat tax proposals would eliminate all taxes on investment
income as well as the capital gains tax, thus drastically lowering effective
tax rates for millionaires and billionaires. On his own personal tax
return, Mr. Forbes would save $174,000 per year if the 1996 version
of his flat tax proposal were implemented, according to a 1995 analysis
by Citizens for Tax Justice, while a single person making $25,000 a
year would pay over $2,000 per year more.
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