We are the 99%

September 26, 2010

The Trib

This won't take long.

From today's Sunday Pops at Richard Mellon Scaife's Tribune-Review:
More than 300 economists have signed a letter stating that failure to extend the Bush-era tax cuts will devastate growth. Obamanomics hasn't worked. What a novel idea -- return to fundamental economics. [Bold in original]
I know you're all chomping at the bit with some questions; What letter? Who sent it? Where can I see it?

Took a few seconds, but here's the letter. It's posted at the National Taxpayers Union website.

Guess who (c'mon, just frickin guess) is a huge financial supporter of the NTU?

That's right, Richard Mellon Scaife - owner of the Pittsburgh Tribune-Review.

According to mediamatters, in fact, the Sarah Scaife Foundation offered up the single largest financial support of the NTU, with $1.23 million in support from 1991 to 2007. This does not count the $275,000 in support from the Scaife-controlled Carthage Foundation from 1993 to 2003 or the
  • $50,000 from the Sarah Scaife Foundation in 2009.
  • $75,000 from the Sarah Scaife Foundation in 2008.
By my calculations, that's $1.63 million in financial support over the years.

Considering the fact that Scaife is more than likely among those wealthy who'll see their taxes go back to up Clinton-era levels once the Bush-era tax cuts end, he stands to benefit personally if the tax policy positions suggested by those 300 economists are implemented.

His foundations supported the NTU, the NTU posted the letter saying the tax cuts should be extended, his paper lauded the letter as the right thing to do.

The circle jerk continues.

1 comment:

Eddie Daedalus said...

Thanks for sharing this, I will repost (with a link) on my blog...