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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (178435)9/7/2001 4:51:35 AM
From: bosquedog  Read Replies (1) of 769667
 
Quit harping the BS GOP party line. Tax cuts mainly to the rich don't do our economy any good right now

Which tax cuts that are effective in 2001 are you referring to that are mainly for the rich? The tax rate is only reduced 1 % for the old marginal rates 28% to 39.6%. Thus, the new rates will be 27% to 38.6% (effective July 1,2001). We have already discussed the elimination of the estate tax is only effective in 2010 and you must die to obtain that benefit so I can't envision that being the tax cut for the rich you are thinking about.
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