The $70 Billion Tax Cut: Irresponsible and Obscene

Robert Reich writes about Congress’ proposed $70 billion tax cut:

The tax cut would be politically irresponsible, but not obscene, if it were going to middle-income workers now facing sky-high fuel prices and soaring health-insurance costs, and variable-rate mortgage payments heading through the roof. But this tax cut is not going to the middle class. Like the Bush Administration’s previous tax cuts, most of this one is going to people who are already very comfortable. Hence, it’s both irresponsible and obscene.