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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (78711)3/12/2001 2:48:07 PM
From: chic_hearne  Read Replies (2) of 436258
 
The point I was trying to make was that the Bush administration is trying to push their agenda of tax cut for the rich by tanking the market and erase any resemblance of the previous administration.

The tanking of the markets was well under way before Bush was elected. Like many others here, I speculated that if Bush had any forsight he would've thrown the election to avoid getting Hoovered. [gee, will it be a Dem or Rep in 2004?] If these slimey rich Republicans wanted to push through a fat tax cut for their buddies, why didn't Bush cut off Greenspan in January and not even bring up the tax cut proposal until it got bad? That would've sent us to the crapper in a hurry and then he could push his tax cut through no problem. If anything, I see Bush as working to prop up the markets.

tax cut for the rich

97% of federal taxes are paid by the top 50% of earners, which means the bottom 50% only pay 3%. So if you're going to cut taxes they will have to be, at least in a big portion, from the rich. The bottom portion of earners are already getting a free ride, there's no taxes to cut for them. But maybe we could pay them money for being poor, errr, wait, we already do that, it's called welfare and countless other government programs.
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