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Politics : Don't Blame Me, I Voted For Kerry

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To: Kenneth E. Phillipps who wrote (38939)7/30/2004 9:29:05 AM
From: stockman_scott of 81568
 
Tax Cuts for the Wealthy with a Record Budget Deficit
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engagingthought.com

Posted on Jul 30, 2004 at 12:33AM by Nicholas Velastegui in Economic Thoughts...
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New Bush Agenda May Pitch Tax Relief for Investors
Thu Jul 29, 2004 01:30 PM ET
By Caren Bohan
CRAWFORD, Texas (Reuters) - President Bush will likely highlight tax relief and Social Security reform when he retools his economic platform for an intense month of campaigning in August, Republicans say.

Some conservatives are pressing the campaign to push for full elimination of the dividend tax.


Simply laughable. Every single one of his tax cuts has primarily benefited the pockets of the most well off Americans. The taxation burden has been drastically shifted over the course of Bush’s term onto the Middle class and onto our children who will have the burden of paying off the federal deficit. Eliminating the dividend tax has no tangible benefits to the tax bill of the Middle class. Nevertheless, it does benefit the wealthy. It is a practical political ploy to motivate his supporters, but a harmful budget initiative that will undermine America’s fiscal security.
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