In Hard Times, Thaddeus McCotter Pushes Tax Benefits for the Rich
Economic times are hard and budgets are getting tighter. Towns are closing the doors on public libraries as states cut library funding, and federal budget deficits are soaring due to decreased tax revenue. On the personal front, so many people have been losing their jobs for so long that a decline in the rate at which jobs are being lost is being taken for good news.
In these hard times for most government and personal budgets, what is the work of Representative Thaddeus McCotter? Last year, McCotter introduced the Student Enhancement Act (H.R. 5996), a bill to make up to $10,000 in expenses for private tutors tax deductible each year. This year, McCotter has introduced the HAPPY Act (H.R. 3501), a bill to make up to $3,500 in spending on a pet tax deductible each year.
Who is most liable to think up ways (like doggie cotillion dresses and bridal gowns) to spend $3,500 on Lady Squeakums each year? And who has an extra $10,000 lying around to be tossed at private tutors for young Randolph? The answer: precisely those people who need tax deductions the least.
Finding new ways for rich people to write off their lavish spending does not fit with the times, not unless your district includes the highly affluent towns northwest of Detroit and your name is Thaddeus McCotter.