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

To: Doug R who wrote (493879)	11/17/2003 2:18:58 AM
From: Neeka	Read Replies (3) \| Respond to of 769670

They responded to the threat of terrorism with force and determination rather than lob missiles in the night. They have been racially inclusive in political and judicial appointments. They helped ease this country through a potentially devastating recession. They've broght freedom to 50 million people in the ME. Women now have the opportunity to an education where once they were relagated to banishment behind closed doors and were treated like cattle. They are addressing and trying to get congress to pass prescription drug legislation. Thanks to tax cuts, the American economy grew at a rapid pace of 7.2 percent during the third quarter of this year - the best since 1984. The growth rate accelerated from a 3.3 percent rate in the second quarter. Arrested more than 3000 terrorist in many countries. Created the Department of Homeland Security to safeguard our citizens, intensified security at our borders and ports of entry and posted more than 50,000 federal screeners in airports. Through the new Reading First program, $412 million has been distributed to 20 states to help schools and districts improve children's reading achievement using scientifically proven methods of instruction. States have implemented the public school choice provisions of the Act to allow parents of students in low-performing schools to transfer to a better public school. Additionally, states have identified supplemental service providers to provide after-school instruction and tutoring to students enrolled in schools in need of improvement. The Administration launched the Global AID Fund and initially contributed $200 M. The Administration has committed $500M for FY02 and 03, and is providing approximately $1B in FY02 and 03 for global HIV/AIDS. Near and dear to my heart, the President's plan will accelerate tax reductions that were enacted in the 2001 tax act -- would provide small business owners with much needed assistance. Two thirds of taxpayers who pay the highest marginal tax rates are small business owners who include their profits when they file their individual tax returns. All together, under the President's jobs and growth plan, 23 million small business owners would receive tax cuts averaging $2,042 this year. The President's plan would increase the amount of money small business owners can deduct from their taxes for investment in new equipment, such as machinery and computers. Right now, the maximum deduction is $25,000. The President's plan would triple that to $75,000 beginning in 2003, and adjust it for inflation thereafter. The President's plan to abolish the double tax on dividends will help businesses to grow and create jobs by reducing the cost of capital. Most dividends received by shareholders will be tax free. Small businesses that retain corporate earnings will not face capital gains taxes on the increase in the value of the firm from retained earnings that could have been distributed as dividends. This will benefit the owners of 4.1 million small businesses with less than $500,000 in assets, as well as the shareholders of all 4.9 million C corporations. The President has also proposed making permanent the elimination of the death tax, which will provide certainty for families that want to transfer their family-owned small businesses, farms, and ranches from one generation to the next. The Administration continues to pursue an aggressive agenda to fight corporate fraud and abuse: Exposing and punishing acts of corruption Holding corporate officers and directors accountable Protecting small investors, pension holders and workers Moving corporate accounting out of the shadows Developing a stronger, more independent corporate audit system Providing better information to investors. Since the exposure of the corporate fraud scandals, the President has taken decisive action to combat corporate fraud and punish corporate wrongdoers. In February, the President announced strong, effective pension reforms to protect America's workers. The President outlined a comprehensive proposal to remove obstacles to savings and toughen protections of retirement assets. The House took quick action and approved the President's reforms on a bipartisan basis. To date, the Senate leadership has not brought pension reform to the Senate floor. Nonetheless, the President was able to incorporate several of his initiatives into the corporate governance bill he signed in late July. On March 7, 2002 the President announced his "Ten-Point Plan to Improve Corporate Responsibility and Protect America's Shareholders," based on three core principles: information accuracy and accessibility, management accountability, and auditor independence. Following the President.s proposals, the SEC took decisive action to implement the "Ten Point Plan" to improve the quality of corporate disclosure and the accountability of executives and auditors. The SEC proposed rules and adopted policies consistent with all ten of the President's reforms. Would you like me to continue? M