Really stupid idea right? I mean, who other than some stupid Texan who had to steal the Presidency would be dumb enough to think that cutting taxes is the way to prosperity?
Can you say Gerhard Schroeder
Sweeping reductions in income tax are on the way in Germany after Chancellor Gerhard Schroeder and his cabinet decided to bet on Germans' willingness to spend to save the stagnating economy.Posted by Rich at June 30, 2003 3:38 PM | TrackBack
A 10% reduction in taxes for consumers and small/medium businesses (Schroeder's plan) is not the same thing as a dividend tax cut that benefits the top 1% wealthiest of the country.
Oh, but I'm sure it will trickle down. Snicker. Snort.
Schroeder's plan also puts them dangerously close to the EU's limit on budget deficits.
Luckily, Bush is not so encumbered by mandated fiscal responsibility here.
Posted by: Chris Wage on July 1, 2003 1:07 AMAs if the dividend tax cut was the only portion of Bush's tax bill...
Come on, Chris! I'm sure you can do better than that. How about the $400 increase in the child tax credit? Will that just benefit the wealthy?
How about lowering all marginal tax rates? Surely that helps everybody. Eliminating the marriage penalty isn't targeted at the wealthy, since even poor people get married.
Don't tell me this cut is only for the wealthy. I know better. As a single father making about $50k/year, and claiming 3 children, President Bush just cut my federal taxes are cut by about 48%.
But all you see is the dividend tax cut.
Posted by: rich on July 1, 2003 9:06 AM