PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Thomas A Watson who wrote (129585)	2/28/2001 9:50:27 AM
From: Nadine Carroll	Read Replies (2) of 769667

Check out the New York Time's Tax section: nytimes.com Look for the links on the proposed tax cut. BTW, that whopping $60 cut is from $1800 owed under the current tax system. That's a 3% cut, not a 100% cut. This tax plan gives a higher percentage of the cut to the wealthiest tax payers, because it drops the top bracket from 39% to 33% and it does not touch the payroll taxes. The payroll taxes are highly regressive (since they cap out at about $75,000 of income) and now constitute a larger burden for most low-income workers than the federal taxes. However, you'll get a nice tax cut if you have six kids.

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