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Politics : PRESIDENT GEORGE W. BUSH
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To: Thomas A Watson who wrote (129564)2/28/2001 12:34:03 AM
From: Nadine Carroll  Read Replies (1) of 769667
 
Bush's proposed tax cuts will benefit large families since
it raises the child deduction.
But if you're not married, you'd better be rich to benefit:

Yearly adj. gross income Proposed 1st year savings
$20,000 $60
$60,000 $211
$500,000 $5,933
$1,000,000 $11,542

If Bush were really interested in kick-starting the
economy, he would do better to tilt the tax cut to the
lower income taxpayers; they need the money and would spend it at once.
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