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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who started this subject9/25/2003 2:07:57 PM
From: Karen Lawrence  Read Replies (4) of 89467
 
Where is Cheney...here:
Cheney dinner raises millions for Senate races
By Associated Press, 9/25/2003
boston.com
WASHINGTON -- Vice President Dick Cheney headlined a dinner yesterday that was expected to help Republicans raise $7.5 million for their effort to keep majority control of the Senate.

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Cheney was the keynote speaker at a $2,500-per-person fund-raiser for the National Republican Senatorial Committee at the National Building Museum.

The committee began the month with $6 million on hand and no debt, compared with $1.8 million on hand and $3 million in debt for its rival, the Democratic Senatorial Campaign Committee.

The two were almost even in contributions last month. The Republicans took in $1.9 million; the Democrats, $1.3 million.

The Republican committee's dinner total, while not a record, was close to what the committee raised in previous years when it could still collect corporate and unlimited contributions. A campaign finance law that took effect last November bans such "soft money."

Is Cheney able to raise this money from the superrich because:
thenation.com
How fitting that we'd have another Herbert Hoover for president busily destroying jobs at this particular historical moment. It's a moment that's been building for two decades -- as affluent Americans racked up extraordinary gains that left the rest of us far, far behind. That's according to data from the Congressional Budget Office, data quietly leaked late on a Friday before a three-day weekend. Perhaps most interestingly: The CBO data show that -- regardless of the self-serving lies of the tax-cut maniacs -- most Americans have seen their federal tax burden decline over the two decades immediately before George Bush took office.

"It's been apparent for several years that those at the very top of the income scale have pulled away from other Americans, and the new CBO data, which show staggering income gains among the most well-off, confirm that trend," says Robert Greenstein, executive director of the Center on Budget and Policy Priorities. "The very well-off have been big winners on two fronts, as they secured enormous gains in income in both the 1980s and 1990s and then received extremely large tax cuts in 2001 and again this year."
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