The Waltons

The Walton family, heirs to the Wal-Mart fortune and one of the wealthiest families in the United States, eventually could receive an estimated tax break of $32.7 billion under a proposal in the budget that President Bush submitted to Congress. The Waltons would win from a repeal of the inheritance tax. In fact, the top 1 percent of income earners would continue to benefit from tax breaks in the budget. The losers: seniors on Medicare, veterans seeking health care, home owners struggling to pay

The Walton family, heirs to the Wal-Mart fortune and one of the wealthiest families in the United States, eventually could receive an estimated tax break of $32.7 billion under a proposal in the budget that President Bush submitted to Congress. The Waltons would win from a repeal of the inheritance tax. In fact, the top 1 percent of income earners would continue to benefit from tax breaks in the budget. The losers: seniors on Medicare, veterans seeking health care, home owners struggling to pay heating bills, grandchildren stuck with cleaning up all the red ink Bush has spilled… It is a "disastrous budget" Senator Bernie Sanders told the White House budget chief at a Senate hearing. The senator lamented what he called the budget's "lack of moral values."

To watch Sanders question Office of Management and Budget Director James Nussle at a Senate Budget Committee hearing, click here.

To read a Joint Economic Committee analysis of budget impact on Vermont, click here.