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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (4711)1/8/2003 1:17:07 PM
From: Mephisto  Read Replies (5) of 5185
 
"Bush's proposed tax cuts, which include speeding up income tax reductions and
eliminating taxes on stock dividends, are decisively weighted toward the rich and
might not spur anything in the short run. Corporations are mired in record debt, so
they would be unlikely to issue much in the way of dividends. There's also the
fairness problem. Anyone making more than $1 million a year would save a hefty
$45,098 in dividend taxes, according to the Urban-Brookings Tax Policy Center.
(That's about what Vice President Dick Cheney would have saved on last year's
return.) Most middle-class investors wouldn't benefit at all because their only
stocks are in tax-deferred retirement plans."

Article: Bush Tax Plan Wakes Critics
EDITORIAL
Source: Los Angeles Times
Date: January 8, 2003

SI Reference: Message 18417869
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