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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (340101)	1/8/2003 10:53:55 AM
From: DavesM	Read Replies (1) \| Respond to of 769670

What if one of the results of this proposal, is an increase in the value of the stock in your tax deferred accounts?

To: Bald Eagle who wrote (340101)	1/8/2003 11:03:36 AM
From: greenspirit	Respond to of 769670

Broad Public Support for Variety of Economic Stimulus Proposals Expanded child tax credit, reduced "marriage penalty" seen as most likely to help economy gallup.com by Jeffrey M. Jones GALLUP NEWS SERVICE PRINCETON, NJ -- In Chicago on Tuesday, President Bush outlined his plan to help stimulate economic growth, one day after the Democrats in Congress released their own proposals. A new CNN/USA Today/Gallup poll conducted a few days earlier finds majority support for each of six specific economic recovery proposals, with the greatest level of support found for expanding tax credits for families with children and reducing the "marriage penalty" on taxes. Americans also believe these two proposals are the most likely to help the economy. In terms of the proposals' potential impact on their own financial situations, Americans are most likely to say that accelerated tax cuts will benefit their families, as would an increased child tax credit and reduced taxes for dual-earner married couples. Relatively few Americans believe that an extension of unemployment benefits or reduced taxes on stock dividends will benefit them personally. The poll, conducted Jan. 3-5, prior to either party's formal announcement of a new economic stimulus plan, found that 49% of Americans approved and 47% disapproved of Bush's handling of the economy. This is well below his overall job approval rating of 63%, but not surprising considering the economy has struggled throughout most of his term. The 49% economic approval rating is tied for the lowest in Bush's presidency to date. Now, Bush and members of Congress are committed to passing legislation to help improve the economy. The administration and the Democrats both call for extending unemployment benefits that expired in December, providing tax relief either by speeding up tax cuts scheduled to take place in the future (Bush plan) or by giving a tax rebate (Democratic plan), and giving tax incentives to businesses for investments in new facilities and equipment. Bush's plan also would accelerate the planned reduction in taxes for dual-earner married couples, reduce taxes on dividends earned on stock investments, and create "re-employment" accounts that would financially assist unemployed Americans while they look for a job, and also reward them if they find a job quickly. Among six of the policies being considered, the poll finds the largest percentage of Americans, 86%, in favor of expanding tax credits for families with children. Nearly as many, 80%, express support for reducing the additional taxes married couples pay when both spouses work. Roughly two in three Americans support each of the following proposals: extending unemployment benefits to people who saw their payments expire in December (66%), making the tax cuts scheduled for next year take effect immediately (65%), and passing new tax cuts for businesses that invest in new facilities and equipment (65%). Of the six proposals tested, the fewest Americans, 58%, favor reducing taxes people pay on dividends they get from stocks they own.

To: Bald Eagle who wrote (340101)	1/8/2003 12:13:12 PM
From: steve dietrich	Read Replies (1) \| Respond to of 769670

The only reason dividend income is so called double taxed, is because when making this argument, the fact that a corporation is a distinct legal entity is ignored. Which bodes well for share holders when bankruptcy is declared by the corporation, else the individual share holders would be held accountable personally for the debts of the corporation. Basically all income is taxed and retaxed when it exchanges hands. People just want to have their cake and eat it too.