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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (67704)	1/22/2003 1:00:26 PM
From: JohnM	Respond to of 281500

I wonder how she views the Kennedy families elitist view of life? I doubt it's with the same negative connotations. I don't recall Ted Kennedy supporting the Bush tax cut policies. In fact, it's precisely the opposite.

To: greenspirit who wrote (67704)	1/22/2003 5:10:28 PM
From: Rascal	Respond to of 281500

Classy: "We can and should postpone a portion of the future tax cuts that overwhelmingly benefit the wealthiest taxpayers. Those tax cuts are not scheduled to be made until 2004 and later. We should put them on hold until we are certain that we can afford a prescription drug benefit for senior citizens, make the needed investments in education and health care, protect Social Security,and fully provide for the common defense. (Applause.) My proposal -- please -- my proposal would put on hold approximately $350 billion in future tax breaks for the wealthiest Americans during the next 10 years; over one trillion dollars of tax cuts will still take effect as schedule. Families earning less than $130,000 a year and filing joint returns would not be affected. No taxpayers -- no taxpayers would pay a higher tax rate than they pay now. In fact, income tax rates for everyone -- everyone -- will still be lower in 2002 and in succeeding years than they were in 2001. The child tax credit would be increased as planned; the marriage penalty relief would be provided as scheduled. We can achieve $350 billion in savings by avoiding these future reductions in the tax rates paid by the wealthiest taxpayers in the highest income brackets, and by maintaining the tax on estates above $4 million. These wealthiest taxpayers will receive less of a tax reduction than they anticipated; but they still will be receiving billions of dollars in new tax breaks. These future tax cuts for those at the top are not part of the fight against the recession. They are not scheduled to occur until long after the economy emerges from the downturn. In fact, taking fiscally responsible action now will help the economy, by leading to reductions in long-term interest rates that have remained stubbornly high because of the fear that unaffordable tax cuts will lead to growing federal deficits. Reducing that threat will reduce the cost of long-term hiring for businesses, and provide a stimulus for new job creation. Future additional tax breaks for the wealthy do not deserve higher priority than strengthening education, covering prescription drugs under Medicare, or protecting Social Security, or meeting other urgent national priorities. (Applause.) " Senator Kennedy at the Press CLub yesterday. Since President Bush has not funded the new education bill or the 5 billion for firefighters and police in favor of a tax cut for the weathiest Americans he said: "President Bush's policies were more like leave no millionare behind not leave no child behind." Rascal@ classshows.com Full speech atr.org