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Politics : PRESIDENT GEORGE W. BUSH
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To: PROLIFE who wrote (644800)10/14/2004 2:23:27 PM
From: Skywatcher  Read Replies (1) of 769670
 
Bush is shooting HIMSELF in the foot when when it's NOT IN HIS MOUTH
BUSH MISLEADS ON FISCAL RESPONSIBILITIES

In a speech Monday, President Bush advocated fiscal responsibility in government, saying, "we need to be wise about how we spend your money."[1] He is now poised, however, to sign into law a massive, $137-billion tax giveaway to corporate and special interests.[2]

The tax bill was originally created to fix a $50-billion export subsidy that had triggered retaliatory tariffs by our trading partners. Instead of simply repealing the subsidy, Congress replaced it with a $77-billion giveaway to corporations, many of which never qualified for the original subsidy.[3] It
also provides $43 billion in tax breaks for companies operating overseas,[4] including a giant break to top corporations like Hewlett-Packard and Eli Lilly that allows them "to bring hundreds of billions of dollars in untaxed foreign profits back into the United States at about one-seventh of the
normal tax rate."[5]

Lawmakers larded down the bill with pork for their favored special interests. The bill included million-dollar tax cuts for fishing tackle box manufacturers, Chinese ceiling fan importers, horse and dog track gamblers and Native Alaskan whaling captains.[6]

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